Payment of Legal Fees - Explained
Changes in the law over the past few years mean that you may not be able to recover all of your legal costs from the insurer of the person at fault for your accident.
It is also no longer possible to recover the costs of insuring against the risk of paying the other side’s costs if you lose. As a result of this, there could be a shortfall in costs which means you may have to pay up to a maximum of 25% of your compensation plus an optional insurance premium for insuring against the risk of paying the other side’s costs.
Winns’ advantages compared to other firms are as follows:
• Any deduction for a shortfall in our costs is limited to a maximum of 25% of any compensation for personal injury and any sum for loss of value to your car, known as diminution, that you are awarded.
• A deduction will not be taken from any other claims (i.e. loss of earnings if you have had to take time off work as a result of the accident) or care and assistance (i.e. if someone has helped you with chores around the house as a result of the accident).
• This is inclusive of VAT, rather than exclusive (25% rather than the 30% charged by some claims management companies).
• Our guarantee is written into our agreement with you so you know that you will never pay more than a maximum of 25% of your compensation for personal injury or diminution and never pay a deduction from other losses for the shortfall in our costs, plus an optional insurance premium to insure against the risk of paying the other side’s costs.
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