The latest product news from Addept Insurance;
Addept Insurance Services (Addept Insurance) has today announced the launch of Legal Services Club, an expanded personal legal expenses insurance solution, aimed at addressing the gap that exists in traditional legal expenses insurance products which remain focused on covering rarely experienced contentious matters.
Legal Services Club has been developed to broaden the coverage available from a personal legal expenses product by providing advice, support, and insurance protection on a wider range of contentious and non-contentious matters including conveyancing, matrimonial matters, divorce, wills and power of attorney and other common legal matters customers face.
The latest Financial Conduct Authority (FCA) Value Measures data reveals continuing low levels of claims frequency and acceptance rates for current home or personal legal expenses products.
Richard Finan, managing director of Addept Insurance, said: “The FCA data raises questions about the value of these traditional products. Legal Services Club has been developed to provide wider cover and support by responding to more of the real needs of customers.
“We have refocused and redesigned the cover so Legal Services Club is increasing the relevance and enhancing the role of personal legal expenses insurance as an important and valuable add-on solution.”
The first Legal Services Club scheme to be announced is with ATEC Group and is part of the recently announced migration of the Group’s legal expenses and ancillary insurance portfolio to Addept Insurance from their previous provider.
Addept Insurance continues to focus on enhancing the Legal Services Club solution, including improving customer accessibility to the broader range of services with a digital-first approach via an online legal concierge.
Be the first to comment