If’ you’ve never heard the term “legal insurance,” you’re not alone. Although other types of insurance, like home insurance or life insurance, are fairly well known, legal insurance is a more recent addition to the insurance market place. But just because it’s the new kid on the block doesn’t mean it’s less important. Legal insurance can save you money and give you the priceless peace of mind to know that you have legal protection when you need it.
June 28th is National Insurance Awareness Day, so we’re here to let you know what legal insurance is and how it can help you.
What Is Legal Insurance?
So what is legal insurance? Here’s what you need to know: Legal problems are very common and very expensive. When you have legal insurance, when a legal problem arises, you have a qualified lawyer on your side and your legal fees are paid for.
Learn a bit more by watching this short video:
How Does Legal Insurance Work?
A lot of consumers wonder how legal insurance works. The reality is, legal insurance policies differ depending on who you’re getting them from. Just like health insurance, some companies require you to pay a deductible each time you have a legal issue. Or have only a few lawyers you can choose from to represent you. Or have a long list of exclusions where you can’t get legal help when you need it.
If you’re a Texan, you can access the best legal insurance plan on the market through Texas Legal. Here’s how Texas Legal works:
2) Find a Lawyer. We have over 500 lawyers all over Texas that can represent you. When you have a legal problem, use our online attorney finder to locate an attorney. Meet directly with them to get your legal issue addressed by a professional.
3) Legal Fees Paid. We pay your attorney directly for your legal fees. That’s it. You can use your plan to cover one legal issue in each area of law we cover each benefit year. At the end of the year, your benefits automatically reset.
How Can Legal Insurance Save You Money?
Legal insurance can save you thousands of dollars while giving you the peace of mind that your issues are being handled by a qualified, competent attorney. How can you save money? Here’s just one example.
Everyone needs a will, but not everyone can afford one. The average package for a basic will and powers of attorney costs about $1,500 with most attorneys. That’s a lot of money for most people. With a Texas Legal membership, you can get your will done for free starting as low as $10 a month. Over a year, you’d pay $120 in premiums, and your complete estate planning will be paid for in full. That’s a savings of $1,380!
What Do You Want To Know About Legal Insurance?
Have other questions about how legal insurance works or how it could benefit you? Leave your comments here. and we’ll answer your questions right away.