Das warns on LEI drop
Das has warned that the number of policy holders taking out uninsured loss recovery has now hit an estimated 50%, down from over 80% a few years.
The legal expenses insurer cited the figure as it warned that an increasing number of motor and household policyholders were not selecting legal expenses insurance (LEI) as an option when purchasing their policy.
Das also noted that family legal expenses had similarly fallen from a peak of 70% take up rate, to an estimated 40%.
The company predicted the decline in LEI take up would lead to a significant percentage of the population being unable to pursue legitimate legal action and added that
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