Products: UK first as Arag develops new ‘divorce insurance’
Heralded as the first of its kind in the UK, Arag has developed a divorce product with two law firms.
The Mishcon de Reya product – Protect Pre-Nup – will “provide cover for legal costs if a spouse challenges a previously agreed pre-nuptial agreement” while the Prolegal product extends cover to provide for the cost of divorce proceedings and litigation. Tony Buss, MD of Arag, said: “While some may see the very idea of ‘divorce insurance’ as unromantic, the realities of modern life and the government’s legal aid and costs reforms will make it harder for ordinary people to access justice before
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