Why Individuals Might Need Private Legal Expense Insurance

Most people think they are unlikely to become involved in a legal dispute but a bad experience with an employer or a fencing dispute with a neighbour are common problems. Taking legal action to resolve these kinds of issues can be expensive and complicated.

Private Legal Expense Insurance includes cover for legal costs and expenses for a number of legal disputes allowing private individuals and families to access legal services to protect their legal rights.

What We Cover

We can help private individuals with:

Disputes over the purchase of goods or services or private sale of goods

A dispute with a neighbour to erect or remove a dividing fence

A personal tax audit or investigation

Employment disputes such as wrongful dismissal or as a result of being made redundant

 

For a full description of policy cover, conditions and exclusions, please read the policy wording. Limits of Indemnity apply to the product. Consumer Contracts and Tenancy disputes (Gold) (Gold) or Consumer Contracts, Tenancy and Employment disputes (Diamond) are additional modules to the Silver package.

Levels of Cover
Silver
Gold
Diamond
Legal Information Helpline
Document Centre
Personal Injury
Property/goods
Tax Protection
Inheritance law disputes (10 hours consultation only)
Family law disputes (2 hours of consultation)
Consumer Contract disputes Not Included
Tenancy disputes Not Included
Employment Not Included Not Included
Premium starting from $420 p.a. $790 p.a. $1,100 p.a.

Not everyone is the same which is why ARAG has developed cover for High Net-Worth individuals and families. To know more, get in touch with us today, contact us at (02) 8066 0162 or at

High Net-Worth Legal Expense Insurance

Let's face it, life can be complicated and sometimes we can find ourselves in situations within our personal lives where we need legal advice or representation. Legal action can be expensive and time consuming, so having access to legal advice and information without the burden of the cost provides you more choices to defend and pursue your legal rights.

Our High Net-Worth policy includes cover for Domestic Employment, 10 hours of consultation for landlord legal matters and comes with an annual aggregate of $250,000.

Important things to know

The table above provides an indication of the premium payable per annum for our legal expense insurance products. This is an indication only and the total premium payable will depend on a number of factors, including the amount of cover you choose and other individual circumstances. The pricing above is for a policy holder based in NSW and is inclusive of commission, GST, stamp duty and other fees and charges. Prices may vary between states and territories, including due to different stamp duty rates.

Premium Examples

The premium payable for Private Legal Expense Insurance is based on a range of circumstances. To help you understand what we consider when calculating premium, below are some premium examples. These describe the premium amount that would be payable based on an example set of circumstances. These are examples only and not a quote. All quotes are assessed by our underwriting team based on your individual circumstances.

Claims Example: Tax Dispute

Our insured received a letter from the ATO indicating they intended to make an enquiry into our insured’s personal tax return for the previous year. Our insured contacted us and we appointed a tax consultant to represent him and negotiate on his behalf. Following an extensive investigation the ATO confirmed his tax affairs were in order with appropriate tax paid. ARAG settled the tax consultant’s invoice for $4,000.

Claims Example: Personal Injury

Policyholder G and his friend were walking through Edinburgh Park when a stranger’s dog jumped on Policyholder G and attacked him. As a result of the attack Policyholder F loss the use of his index finger for a number of months. Policyholder G was a renowned concert pianist. The dog’s owner provided Policyholder G’s friend with his name and number at the time of the incident. ARAG appointed a lawyer and negotiated the recovery of compensation from the dog owner for the injury to Policyholder G and his loss of earnings. Policyholder G paid the applicable excess and his legal fees were paid by ARAG.

Premium Example: Private Individual

Policyholder N is a 25 years old single male who works as a barista in Melbourne. He would like to take out a Private LEI policy in case he ever requires legal assistance. He has opted for the Silver Cover only and is happy with the lowest limit possible ($50,000 per claim, $150,000 in the aggregate) and with the highest excess ($500). His premium is $430 per annum, inclusive of GST, Policy Fee and Stamp Duty in VIC.

Premium Example: Private Family

Policyholder S and her husband have 2 children and live in the Brisbane suburbs. They are both employed full time and their 2 kids attend a private school. They would like the best possible Private LEI coverage to help protect themselves from any work related issues or contract issues. Therefore they have opted for ARAG Diamond cover with a limit of $100,000 per claim ($150,000 in the aggregate) and with the lowest excess ($0). Their premium is $1,730 per annum, inclusive of GST, Policy Fee and Stamp Duty in QLD.

 

Important things to know

Premium Example: Private Individual is a pricing indication only for individuals in Victoria and Premium Example: Private Family is a pricing indication only for families in Queensland, based on an example set of circumstances, and is not a quote. All quotes must be assessed by our underwriting team and quoted on an individual basis taking into account the relevant circumstances of the policy holder. Prices may vary between states and territories, including due to different stamp duty rates. Terms, conditions and exclusions apply to this insurance cover, please refer to the policy terms and conditions.

For More Information

To find out more or how you can offer ARAG’s Private Legal Expense Insurance products to your private clients, please contact us now on . We would love to hear from you!

The insurer of ARAG Legal Expense Insurance products is HDI Global Specialty SE – Australia (ABN 58 129 395 544, AFS Licence number 458776) (Insurer). ARAG Services Australia Pty Ltd (ABN 14 627 823 198, AFS Licence number 513547) (ARAG) has been granted delegated authority by the Insurer to enter into, vary or cancel policies and handle claims for ARAG Legal Expense Insurance products on the Insurer’s behalf.
All enquiries should be addressed to ARAG.

Any advice contained on this website is general advice only and has been prepared without considering your individual objectives, financial situation or needs. Before purchasing or renewing a product we recommend that you consider if it is suitable for your circumstances and read the policy terms and conditions.