11 Oct Newsflash in the legal expenses insurance world
The law of 22 April 2019 “to make legal expenses insurance more accessible” came into force on 1 September 2019 and should provide better access to justice for the middle classes by allowing them to benefit from a tax reduction when taking out legal expenses insurance covering certain types of claims.
The claims covered are as follows: all types of divorces as well as construction disputes related to the policyholder’s main residence.
The tax benefit consists in:
- a tax cut equivalent to 40% of a premium capped at 195 €, i.e. 78 € and
- a maximum coverage of legal and expert costs capped at 6,750 €
In addition to the tax advantage, however limited, it is strongly recommended to subscribe to a legal protection insurance, knowing that in exchange for the payment of around fifteen euros per month a significant part of your legal or expert fees could be covered in the event of a litigation.
For more information on the subject, please contact Carole DERUYT (email@example.com).
The Cairn Legal team