In answer it might affect your insurance. Depending on the claim. Every case has to be taken separately. You should explain all issues to your insurance company at the point of claim as well you lawyer.
To explain, no win, no fee might have its negative conotations and press but the greater benefits more than negate them. Like legal aid, ‘no win, no fee’ can help ordinary people when they’re confronted with an overpowering legal system. We don’t want a system, like the old days, where only the very privileged and where the only people with access to the law are those with wealth and power?
Because that is what these reforms will lead to.
In terms of your personal insurance then every policy is different. insurance companies’ policies may be affected. There are extremely worthy insurance companies offering everything from home insurance to policies against libel, that may have had impact on a no win no fee case. But it’s best to read the policy fully.
In short you’ll have to check with your insurance company.