is legal cover for car insurance worth it?

lisyloo

OnanTheBarbarian wrote: »

But do you realise that with a no win no fee lawyer you will lose 25% of your compensation if you had an injury claim and nobody will help you with non injury uninsured loss recovery without legal cover or some other before the event provision such as union membership etc.

Just saying

i don't think you are right.
Some let you keep 100% and claim fees from the other side.
Even in post 1 the advice/scare tactic was UP TO 25% which is technically correct but you have fallen into their trap of believing that means everyone charges 25% when 0% is more common.

Yes I am aware I'd have to fight non injury cases where they can't claim fees myself. I think I'm articulate enough to negotiate the small claims court for that, but thanks for the warning.

P.s. I also believe it's worgpth spending money on training instead to avoid accidents.

firely2327

Thanks folks for all your replies, I'm going to take the legal cover

OnanTheBarbarian

rs65 wrote: »

You must accept that your free offering isn't a substitute for an insured product that brings other benefits.

I see you have changed your website to say your offering is an alternative - you no longer say that it provides all the same functions.

Depends on what "benefits" you are referring to with the insured product. If you can elaborate I could comment further.

I recall it has always been "the free alternative" though.

Encounters on here have admittedly lead to some changes and indeed improvements. There has never been any intention to deceive people and transparency shall always remain as people are naturally suspicious of a free service and want to know "what's the catch". But the sentiment that another poster on here has repeatedly bashed home of "if there's nothing in it for them they won't help you" is utter nonsense.

(Text removed by MSE Forum Team)

OnanTheBarbarian

lisyloo wrote: »

i don't think you are right.
Some let you keep 100% and claim fees from the other side.
Even in post 1 the advice/scare tactic was UP TO 25% which is technically correct but you have fallen into their trap of believing that means everyone charges 25% when 0% is more common.

Yes I am aware I'd have to fight non injury cases where they can't claim fees myself. I think I'm articulate enough to negotiate the small claims court for that, but thanks for the warning.

P.s. I also believe it's worgpth spending money on training instead to avoid accidents.

Very few no win no fee solicitors offer 100% of compensation to clients. The very low level of costs recoverable from the defendant / their insurer since April 2013 means that the only potential element of profit for solicitors is the "success fee" they deduct from the client's damages.

0% is the least common situation I can assure you as a claimant lawyer

When the reforms came about in April 2013 it was thought there would be a race to the bottom and competition would soon see everyone deducting a very low % or 0%, but it has not worked out that way, simply because if firms did not deduct the success fee on CFA funded cases, they would simply go out of business.

Many large claimant firms are barely solvent, particularly ones who are owned by insurers/ intermediaries doing mainly work which is funded by legal expense insurance where they can't deduct the success fee - like this lot - losses of £35m a year anybody!

http://www.lawgazette.co.uk/practice/minster-law-loses-35m-in-a-year-but-vows-to-bounce-back/5054235.fullarticle?adfesuccess=1

lisyloo

Thanks for the info.

Do you have any opinion on Total Motor Assist?
I recently obtained a free policy via "perkbox" at work.
They claim to make their money by the car hire provision element.

OnanTheBarbarian

I have seen their site before. They are essentially a competitor of sorts.

It's a strange one as they are actually charging £29 a year for membership and there is no "policy" there.

It is essentially the same service that the other company who are the subject of debate in this thread provide, except Total Motor Assist seem to charge annual membership whereas the other company do not charge for any membership.

It seems to me to be bordering on being an insurance product - i.e. "taking money in consideration of providing services as a result of an unforeseen event". yet it escapes regulation by FOS as it is not an insurance product per-se.

That's as far as I will go in terms of bashing the competition

What do the other stalwarts say?

lisyloo

I am considering changing my mind after what I've read.
However does anyone have any recommendations for a 2 car/3 motorbike couple.


I currently have (for free)


Your key (motorbike)
Total Motor assist
Accident assist (via 2gether Insurance Ltd)


but I recognise that an insurance product may help in circs where they aren't going make any money via vehicle hire or injury claims.
Is there a combined vehicle policy available or do we have to buy 4 separate policies?

rs65

OnanTheBarbarian wrote: »

Depends on what "benefits" you are referring to with the insured product. If you can elaborate I could comment further.

I did that before and you confirmed it wasn't the same

OnanTheBarbarian wrote: »

I recall it has always been "the free alternative" though.

You previously said it provides all the same benefits

OnanTheBarbarian wrote: »

Encounters on here have admittedly lead to some changes and indeed improvements.

Its a pleasure.

rs65

lisyloo wrote: »

Do you have any opinion on Total Motor Assist?

At the top of the page it says 'outstanding value at only £29 a year'.
There is a tab that says 'How can it be free?'

The website suggests that car insurance won't pay for recovery following an accident.

They will get you private treatment for injuries - no private hospitals around here have A&E.

They talk about losing NCB but no mention it may be reinstated

They will deal with fault claims too.

Persons entitled to use the scheme include 'any other person to whom you have provided our helpline and who has called said helpline seeking assistance following an accident'. So you don't even have to join the club.

lisyloo

I think I'm going to buy a proper insurance policy.
My understanding is that if I wanted only uninsured loss recovery then the free accident management companies wouldn't want to know as they are interested in cases with personal injury and car hire.
I happen to live in one of the most expensive places in the country to park a car so I probably wouldn't want one as it would be a liability and cost and not a great deal of use.

My understanding is that if I buy an insurance policy regulated by the FSA then they would have to offer the cover (provided there is a reasonably chance if recovery) and I have the protection of the ombudsman, so they can't just decide they don't want to know on unprofitable cases.

Please correct me if I'm wrong.