Is legal protection worth it in Australia, yes legal protection insurance $200 to $400 per year for $10K to $50K legal costs cover is worth it if you are landlord, small business or driver, as legal disputes can cost $5K to $20K for solicitor $350 to $500 per hour and court $1K to $5K, which insurance covers. Legal protection, also called legal expenses insurance, covers tenancy, employment, property, contract, tax and motoring disputes, costing $200 to $400 per year as add-on to home, landlord or car insurance, covering solicitor $350 to $500 per hour, court and mediation $500 to $2K. For example, if landlord has tenant default $10K rent and damage $20K, legal costs for eviction and tribunal $5K, legal protection covers $5K, saving you $5K, with premium $300 per year, so worth it if one dispute in 16 years. For small business, employment dispute unfair dismissal $20K compensation plus legal $10K, legal protection $300 per year covers $10K, worth it. For motorist, uninsured loss recovery $2K excess and hire car $1K, legal protection $100 per year covers $5K legal costs to recover. For average homeowner with no rental or business, may not be worth it as disputes rare. So legal protection worth it for landlords, small businesses and frequent drivers for $200 to $400 per year covering $50K legal costs, as one dispute $5K to $20K pays for 12 to 50 years premium, but not essential for average homeowner with low dispute risk.
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