Insurance to cover, in part or in full, the legal fees necessary to prevent or resolve a litigation.
When you own an apartment in a co-ownership, you share the common portions, such as the roof, the lobby and the elevators in undivided ownership with the other owners. By the same token, you also share a portion of the liabilities attached to them.
Legal fees may hold back those co-owners wishing to assert their rights. Legal expenses insurance overcomes this obstacle.
What is legal expense insurance?
This insurance allows the reimbursement, in part or in full, of lawyers' or notaries' fees to prevent or resolve a dispute. However, this guarantee is subject to pre-established conditions, deductibles and caps.
Insurance companies offering legal fees insurance can propose a lawyer, although it cannot impose him to you. You remain free to retain the lawyer of your choice.