February 7, 2014
In June 2013, a review of insurance policy add-ons was carried out by the Financial Conduct Authority (FCA). This review included motor legal expenses insurance (MLEI). Whilst MLEI is popular in take-up for motorists seeking cover for accidents caused by others, the FCA believed this cover was not properly understood. The FCA felt quite a gap existed between what MLEI actually covered and what consumers expected to get out of it, quoting ‘widespread confusion’. Here we explain what MLEI actually covers.