The A-Z House Insurance Guide.
When looking into buying house insurance it can be a bit daunting when you come across all the terminology involved. So we have compiled a guide to insurance terminology.
Click on the relevant letter that the term or word begins with and find out what it means.
L
Legal Expenses Insurance
Also known as uninsured loss recovery in respect of car insurance. This provides cover for any of legal proceedings and associated costs in situations defined within the policy.
Liability
The legal responsibility for causing loss to a third party whether that be by causing injury or damage to their property.
Lloyd's of London
An insurance market organised into syndicates, which underwrites most types of policy.
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A description of the level to which an individual is charged over the "average" for their insurance.
Loss Adjuster
These are individuals who are independent of an insurance company but who are paid by them for checking claims are covered and thereby negotiates with the policyholder the amount that which actually end up being payable for a claim.
