ARAG is launching two new divorce insurance products – Pre-nuptial Legal Solutions and Divorce Legal Solutions – to the rest of the market, specifically targeting law firms doing nuptial agreements.
These products provide a legal expenses insurance policy that starts from the date of a marriage or civil partnership and protects the policyholder against legal costs associated with matrimonial breakdown.
Sold alongside nuptial agreements, both policies cover costs arising from a legal challenge to the nuptial agreement whilst Divorce Legal Solutions extends cover to include the cost of divorce proceedings.
Pre-nuptial Legal Solutions will cover legal costs and expenses involved in a challenge to a pre-nuptial agreement, including:
- Costs of mediation
- Costs of legal proceedings if the policyholder or their spouse cannot reach agreement through mediation
Divorce Legal Solutions covers the same costs and also extends cover for:
- Divorce proceedings to final decree
- Ancillary relief and challenge to a nuptial agreement
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