Homesaver Direct Insurance Glossary - L
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Legal Expenses Insurance
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An
insurance
policy
responsible for covering any legal costs associated with any car/motoring
accidents.
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Liability
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The position of being legally responsible for any damages incurred to a
third party.
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Lloyd's of London
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One of the largest insurance companies, Lloyds is usually responsible
for underwriting and assessing the optimum premium prices.
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The adjustments applied to the premium of a an individial's policies,
perhaps to account for abnormal circumstances or special conditions.
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Loss Adjuster
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The individuals responsible for checking the validity of a claim (eg:
making sure people don't try and extract money from the insurance company
illicitly!)
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