Budget Legal Cover Details for South Africans
What does Budget legal cover offer?
- Three categories of legal cover benefits
- The Basic benefit legal cover
- The Mediation benefit legal cover
- Also, the Litigation benefit legal cover
What is Budget legal cover?
Having been around for more than 10 years, Budget Insurance has a handle on the insurance needs of South Africans. Certainly, people know the company for offering highly affordable home, car and business insurance. Now they have come up with affordable legal insurance to enable them to get legal assistance; Budget legal insurance.
Basically this cover allows you to get assistance for all your legal issues, whenever you need it, through your insurer. Significantly, Budget’s legal cover is offered in partnership with LIPCO Group Ltd. And the policy covers the principal member along with his or her spouse and up to four children below the age of 25.
And it comes in three flavours to suit different kinds of needs and budgets.
These have differing levels of benefits as they have different premiums.Budget Insurance’s legal policies can be broadly categorised into:
- The Basic benefit
- The Mediation benefit
- The Litigation benefit
The Basic Benefit
As the name suggests, this is the most basic kind of legal cover Budget offers. Therefore, you will only get access to unlimited legal counsel over the phone. Regardless of whether your case arose before or after the policy came into effect, you still get advise from qualified experts.
The Mediation Benefit
In addition to advice, you get help to settle labour and criminal cases as well as civil and family disputes. Furthermore, it should be noted that the mediation is informal and does not refer to representation in court. Mediation will be limited to telephone or written correspondence, including email communication. You will get assistance to the point where going to court is inevitable. This cover, though unlimited, only applies to cases after the commencement date of the policy. Below are instances where the mediation benefit will come into effect:
Additionally, you will get assistance to the point where going to court is inevitable. Note that this cover, though unlimited, only applies to cases after the commencement date of the policy.
Listed below are instances where the mediation benefit will come into effect:
So below are instances where the mediation benefit will come into effect:
- Family matters, including divorce cases and child maintenance
- Lease agreements
- Identity theft cases
- Drafting settlement agreements, debt acknowledgements, sale agreements, basic wills and other binding documents
- Also, written communication and/or negotiations for out-of-court settlement in matters concerning labour or criminal offences
The Litigation benefit
This kind of Budget Insurance legal cover entitles the policyholder to payout for the cost of representation in court for labour, civil and criminal cases. Importantly, the payout amount can add up to R120,000