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technocar2

join:2009-05-29
Brampton, ON
kudos:2
reply to IamGimli

Re: [Excessive/unfair] lawyer [fees].........unreal.

said by IamGimli:

said by LazMan:

Correct - in Ontario, there is no such thing as common law; you are married, or you are not, there's nothing in-between. Joint bills, joint assets, etc are divided based on contribution; but there's no matrimonial attachment. Trust me, took mucho $$$ to sort that out with my ex...

...unless there's kids involved. Once common laws have a kid, they might as well be married in Ontario.

The article also describes the ex as "common law ex-husband". I don't know if it's a typo or if they got back together as common law after the divorce but that may muddle the waters quite a bit.

I've long believed legal protection should be a service provided by the Government, like health care. Unfortunately since a lot of court cases feature a level of Government on at least one of the side it's very unlikely they'll ever move to give people more access to protect themselves properly.

That's why I think there should be a insurance policy for legal expenses (LEI). Pay a monthly insurance fees and be protected against these kinds of legal shenanigans.


Ian
Premium
join:2002-06-18
ON
kudos:3

1 recommendation

said by technocar2:

That's why I think there should be a insurance policy for legal expenses (LEI). Pay a monthly insurance fees and be protected against these kinds of legal shenanigans.

So the business that's as much as, or even more of, a gouging racket than the legal business should protect us from the latter?

Auto insurance company - Pay us $2000 a year and we'll cover your losses in case of an accident. Plus we leveraged our influence to make it against the law not to buy our product. And you can't get it cheaper, because we've all agreed it's in our best interest to screw you.

You - ummm....ok..here ya go.

You 20 years later....Ummm I totaled my car.

Company - Here's a cheque.... By the way, now your premiums are $4600 a year since you had a claim.

You - Umm....Shouldn't the $40,000 I've already given you for that have covered it?

Company - We spent it on executive bonuses. PS - Fuck you.



To the extent that you can, self-insure. Put $50 or $100 a month into a legal account earning interest. Never need it? You keep the money, AND the interest.
--
“Any claim that the root of a problem is simple should be treated the same as a claim that the root of a problem is Bigfoot. Simplicity and Bigfoot are found in the real world with about the same frequency.” – David Wong

technocar2

join:2009-05-29
Brampton, ON
kudos:2
said by Ian:

To the extent that you can, self-insure. Put $50 or $100 a month into a legal account earning interest. Never need it? You keep the money, AND the interest.

That would only work in British Columbia, Saskatchewan, Manitoba and Quebec where cheap public insurance covers personal injuries, while your savings account can cover damage to property as per your example.

Also you conveniently ignore the fact that LEI is very successful in other countries because of government regulation. Our governments are too weak when it comes to regulation, except in the above mentioned provinces.

From what I gather LEI would be about $500/year for $100,000 coverage even if you lose a case, this is what one company is proposing.

Anyway, I will always be pro insurance when proper government regulations are in place that insures mutual benefit to the insurer and the insured.


Ian
Premium
join:2002-06-18
ON
kudos:3
said by technocar2:

Anyway, I will always be pro insurance when proper government regulations are in place that insures mutual benefit to the insurer and the insured.

Which we don't have because it's rigged to ALWAYS be in favour of the insurance companies.

First thing the insurance company is going to do when you lose your case is look for a loop-hole (in the reams of fine print) to avoid paying it. Failing that, they'll claim they don't owe it to you anyway and let you fight with them for a year or two, perhaps finally, grudgingly, paying the claim.

And so $500 a year for lawsuit insurance up to $100,000?

What do you suppose the odds would be that any given person will lose a $100,000 judgment in their lifetime? 2%? 5%?

Put $500 a year into an investment at 6% a year? You get $45,000 in the account by year 30. And likely 95% yours to keep. $15,000 to an insurance company? 95% likely to kiss it goodbye forever.

I'm aware that peace of mind comes at a price, but guess what would increase the odds of you ever getting sued? Them knowing you have insurance.....
--
“Any claim that the root of a problem is simple should be treated the same as a claim that the root of a problem is Bigfoot. Simplicity and Bigfoot are found in the real world with about the same frequency.” – David Wong

IamGimli

join:2004-02-28
Canada
kudos:2
reply to technocar2
said by technocar2:

said by Ian:

To the extent that you can, self-insure. Put $50 or $100 a month into a legal account earning interest. Never need it? You keep the money, AND the interest.

That would only work in British Columbia, Saskatchewan, Manitoba and Quebec where cheap public insurance covers personal injuries, while your savings account can cover damage to property as per your example.

Actually it wouldn't work in Québec as you must provide proof of at least $2 million dollars in available assets (IIRC) in order to be able to self-insure.


Gone
Premium
join:2011-01-24
Fort Erie, ON
kudos:4
You can do the same thing in Ontario.