Lloyds Association | Insurance Glossary

Definition of "Lloyd's association"

Organization following the format of Lloyd's of London.

Ownership of a divided interest, i.e., a home ownership arrangement in which the owner has title to ...

Circumstance where no people or contents occupy or are kept in a building for at least 60 consecutiv ...

Arrangement the insured and insurer share on a proportional payment for a loss. ...

Mortgage loan where for a slight increase in the monthly payment, the loan can be paid off in only 1 ...

Same as term Casualty Actuarial Society: accrediting body for the ACAS (Associate of the Casualty Ac ...

Smallest face amount of life insurance that an insurance company will write on any one person. ...

Long-term care refers to a broad range of medical and personal care services designed to assist indi ...

Closing costs are expenses incurred by buyers and sellers in transferring ownership of a property. ...

If you live in an Earthquake zone. Yes! Typically most homeowners insurance insurance coverage would ...

An investment property is a property you purchase with the intension of using it as a rental income ...

A mortgage broker is an intermediary who ensures a loan between a borrower and lender. The broker ta ...

An inspection is a close and thorough examination of a house and property. A licensed individual usu ...

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