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Legal protection insurance: useful or not? Financial experts clarify!
As www.morgenpost.de reports, legal protection insurance is not always an “all-round, worry-free package” for legal problems. Ideally, they will cover the costs of legal prosecution or defense in the insured area, but this is regulated by the respective tariffs and conditions. According to the article, consumer advocates and the Association of Insured Persons (BdV) do not consider legal protection insurance to be absolutely necessary and recommend that priority should be given to insuring dangers that threaten one's existence, such as illness, liability and employment risks. The contents of the contract should be examined carefully to ensure that the policy makes sense for your personal situation. It is recommended that you carefully examine your needs before taking out legal protection insurance. Some insurance policies exclude certain disputes...
Legal protection insurance: useful or not? Financial experts clarify!
How www.morgenpost.de reports, legal protection insurance is not always an “all-round, worry-free package” for legal problems. Ideally, they will cover the costs of legal prosecution or defense in the insured area, but this is regulated by the respective tariffs and conditions.
According to the article, consumer advocates and the Association of Insured Persons (BdV) do not consider legal protection insurance to be absolutely necessary and recommend that priority should be given to insuring dangers that threaten one's existence, such as illness, liability and employment risks. The contents of the contract should be examined carefully to ensure that the policy makes sense for your personal situation.
It is recommended that you carefully examine your needs before taking out legal protection insurance. Some insurance policies exclude certain disputes or risks, such as claims for damages, disputes within the family and in connection with investments.
The costs of legal protection insurance depend on the risks insured. It is worth comparing the costs and services of tariffs from different providers. It should be noted that insurers are entitled to premature termination if two insured events for which protection is available have occurred within twelve months.
Overall, the article shows that legal protection insurance is not suitable for everyone and should be examined individually to ensure that it meets the needs and risks of the policyholder.
According to a report by www.morgenpost.de,
Read the source article at www.morgenpost.de