What is after the event insurance?

After the event insurance, the type of insurance that is designed to protect people from legal costs if they descend to court. It is purchased after an event that triggers litigation and is therefore called "after the event insurance", unlike the event insurance, which is a form of legal protection insurance that is purchased for the purpose of protection of people from legal fees if something happens. Many insurance contracts have an event before the installed insurance. For example, the insurance insurance insurance includes a clause that will include legal compensation. If the client wins the case, his opponent in some cases pays fees, including the premium for insurance after the event, but if the client loses, the insurance will cover the expenses that Would otherwise must bear. For clients who win, the cost of bonuses is transmitted to loser as part of legal fees in cases where it applies. If the client loses, the insurance may include a clause that insures the bonus so that the client will not have to pay.

Advocates who receive so -called "no victory, free of charge" often ask their clients to buy events after the event, so if they lose, they will still be compensated. It is also good to consult a lawyer in buying such insurance, although someone is not positive that the case will end in court, because a lawyer may have proposals for insurance companies to use and can also review policy to confirm that it will be appropriate and effective.

This specialized insurance product is not offering all insurance companies. Usually, insurance companies usually carefully review the situation before the release of the policy to determine how much risk is involved in the release of policy, and many write their own policies that are very specifically adapted to specific situations. When purchasing an insurance contract after an event, clients should make sure that the insurance policy is fully covered and their case, and they shouldask how the bonus will be treated.