Is there any legal expenses insurance with no waiting period?
Many people don't think about legal expenses insurance until they need one. And by then it is already too late. Many insurers have a waiting period for legal expenses insurance, which means that coverage is not available as soon as you take out the insurance. But does legal expenses insurance exist without a waiting period?
What does waiting period in legal expenses insurance mean?
With a waiting period, you cannot immediately call on your legal expenses insurance as soon as you take it out. Suppose you take out legal expenses insurance on July 1 and get embroiled in a nasty dispute with your employer in early October. The policy conditions of your legal expenses insurance state that you have a waiting period of six months. In that case, you cannot yet claim your legal expenses insurance because you are still in the waiting period. It varies from one insurer to another how long the waiting period is, usually 3 to 6 months.
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Why is there a waiting period?
Insurers use a waiting period because they do not want to offer legal expenses insurance for ongoing conflicts, or conflicts that can be expected. This is because in that case, you should have already taken out insurance, not just when you need it. Otherwise, it happens that someone gets fired on Monday, and takes out legal expenses insurance on Tuesday. Only to cancel it again as soon as the issue is resolved. That way you are actually abusing the insurer. In order to counter risk and guarantee more security, insurers therefore apply a waiting period.
In addition, your legal expenses insurance does not provide coverage for foreseen conflicts. This means that you cannot claim on your legal expenses insurance, in conflicts that you can already see coming, such as for example an announced reorganization.
Insurers with no waiting period
Some insurers today offer legal expenses insurance with no waiting period. This is of course very attractive as you are then immediately insured. However, there are usually a number of conditions attached to legal expenses insurance without a waiting period. Legal expenses insurance without a waiting period excludes ongoing conflicts from coverage. It makes no sense to take out legal expenses insurance on the day you are fired. Actually, there is no difference with legal expenses insurance with a waiting period.
Take out legal expenses insurance with no waiting period
Want to get legal expenses insurance with no waiting period? You can do so through Alpina! With our online comparison tool, you can easily compare insurers to find legal expenses insurance with no waiting period. But don't just focus on that. It's all about choosing the right insurance and the right module. This way you can be sure that you are properly insured the moment you unexpectedly need legal help.
Fill in your details, in our online tool and choose which modules you want to turn on. Then you will get an indication of the monthly premium. Once you have chosen the best legal expenses insurance, with or without a waiting period, you can easily take out your policy online immediately.
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