Recovering your Uninsured Losses

Being the innocent party in a motoring accident can be a very costly experience, and while insurance policies typically cover the majority of the expenses that we experience, they don't usually cover every eventuality. This is where the abundant advantages of Motor Legal Protection comes in, and in particular the Uninsured Loss Recovery it provides. 

What is Uninsured Loss Recovery?

Uninsured Loss Recovery is a feature of wider insurance policies, and covers the out-of-pocket expenses accrued by individuals following an accident that wasn’t their fault. It’s also referred to as Legal Expenses Insurance and is often purchased alongside a new vehicle insurance policy – some policies include it automatically, but it’s more likely that you’ll have to pay an additional premium for it. This motor legal cover is a relatively cheap form of protection but can prove invaluable if you find yourself dealing with unexpected expenses not covered by your insurance policy.

As this cover is not a legal requirement, it’s easy to overlook its true value until after an accident. Therefore, to put this into perspective, consider the following scenario…

An example

Mr. Cole stops his car at a roundabout. Another car, going too fast, drives into the back of him. The rear of Mr. Cole’s car is badly damaged and he is left injured.

Mr. Jones is driving the other car and is at fault. While his insurance will pay for the damage to Mr. Cole’s car, there are many other expenses incurred for Mr. Cole. Following the accident Mr. Cole is shaken. He is able to pull his car to the side of the road but it then needs to be towed home, which he has to pay for. Mr. Cole, after dealing with the accident, has to book and pay for a taxi home and arrange a visit to his doctor. He is self-employed and this causes him to lose half a day’s earnings. He ends up paying for extra phone calls in relation to the accident, paying for public transport in the short-term and then eventually hiring a car to use until his vehicle has been repaired. In addition, he has his own policy excess to pay.

Mr. Cole wasn’t the one that caused the accident but he’ll feel the financial effects. In addition, Mr. Jones’ insurers will try to avoid accepting Mr. Jones’ liability, potentially delaying any payout that Mr. Cole is due.

The alternative

After a non-fault accident, you can claim compensation to cover your costs, but you’ll have to initiate this process and negotiate a figure yourself. However, with the everyday demands of life, few of us would be able to devote the time and effort that would be required. With motor legal protection, a legal representative would do this for you, not only offering expertise and efficiency but also the peace of mind that, in a non-fault accident, your uninsured losses would be recovered.

No-win, no-fee services are often the first port of call for those without any form of motor legal insurance, and while they can help you recover some uninsured losses, these companies show a bias towards claims for injuries. As well as this, they tend to accept cases based on their likelihood of success rate, and even if your claim is successful, a significant portion of your payout will go to them.

Having motor legal protection cover would eliminate the need to navigate any of these rocky routes, firmly placing you in the driving seat.

Added comfort

It’s important to understand that Uninsured Loss Recovery of motor legal protection isn’t just helpful for the financial benefits. After an accident, it’s comforting to know that professionals are shouldering some of the stress and frustration by chasing claims on your behalf. You’ll be able to recover physically and emotionally from the accident without concerns about your financial situation, easing out your transition back to life as normal.

If you want to learn more about Uninsured Loss Recovery and Motor Legal Protection and how it can benefit you, visit Best Price FS.