Everyone wants value for money when making a purchase, and buying legal indemnity cover is no exception.
When you choose a policy for your client, it naturally needs to be competitively priced, but without compromising on the level of cover. We’re all a bit suspicious when the price of something seems too good to be true, often with good reason. And it’s no different with legal indemnity cover. Outwardly, two policies may look similar, but if you take a look at the respective policy wordings, you’ll often uncover some fundamental differences.
At Countrywide, our extensive range of covers differs from other providers as they do not contain many of the restrictive conditions and exclusions that are scattered throughout some insurers’ policies. The recently introduced Insurance Product Information Document (IPID) goes further in outlining clearly what is, and isn’t, covered.
We also have the advantage that we underwrite our policies on behalf of Liberty Legal Indemnities, part of Liberty Mutual Insurance Europe SE, which enjoys a security rating of A (strong) from Standard and Poor’s. This is particularly important, as legal indemnity policies are often issued indefinitely and can lie dormant for years before a claim is made, but your clients can be sure that we will be around to handle it.
Whilst we argue that the choice of insurer should not hinge on the price, we are also not blind to the fact that it is a major factor. It’s for this reason we regularly review our premiums, to ensure that we remain competitive. Though we don’t offer specific price promotions or special offers, we’re happy to help reduce costs in certain circumstances, such as multi-risk cases for the same property.
And we’re always ready to listen if there are mitigating circumstances that you feel may warrant a premium reduction: as well as talking to our underwriters, you can also request this online and one of our specialists will consider the request and get back to you within 15 minutes.
To see how well we match up in the value for money stakes, get a quote now, either by calling 01603 617617 or signing into Elite.