Underwriters at Lloyds Insurance Company: Customer Ratings & Reviews [2024]

Embark on a comprehensive exploration of Underwriters at Lloyds Insurance Company, delving into its unique marketplace model, diverse coverage options, and customer-centric approach.

UPDATED: Jan 30, 2024Fact Checked

Laura Kuhl

Insurance Content Team Lead

Laura Kuhl holds a Master’s Degree in Professional Writing from the University of North Carolina at Wilmington. Her career began in healthcare and wellness, creating lifestyle content for doctors, dentists, and other healthcare and holistic professionals. In 2018, she started writing for the cannabis industry. She curated news articles and insider interviews with investors and small business ...

Insurance Content Team Lead

Michelle Robbins

Licensed Insurance Agent

Michelle Robbins has been a licensed insurance agent for over 13 years. Her career began in the real estate industry, supporting local realtors with Title Insurance. After several years, Michelle shifted to real estate home warranty insurance, where she managed a territory of over 100 miles of real estate professionals. Later, Agent Robbins obtained more licensing and experience serving families a...

Licensed Insurance Agent

UPDATED: Jan 30, 2024

Advertiser Disclosure

It’s all about you. We want to help you make the right coverage choices.

Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider.

Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance providers please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.

Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.

UPDATED: Jan 30, 2024

Advertiser Disclosure

It’s all about you. We want to help you make the right coverage choices.

Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider.

Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance providers please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.

UPDATED: Jan 30, 2024Fact Checked
no image available

Free Car Insurance Comparison

Compare Quotes From Top Companies and Save

secured lock Secured with SHA-256 Encryption

Lloyds of London

Average monthly rate for good drivers:

N/A

A.M. Best rating:

A

Complaint level:

Low

Pros

  • Lloyds of London is a well-established insurance marketplace with over 300 years of history.
  • Lloyds of London has received an (A) Excellent rating from A.M. Best for its financial strength.
  • Lloyds of London offers a wide range of insurance policies, including home insurance and auto insurance, and specializes in high-risk insurance coverage.
  • Underwriters at Lloyds of London are organized into syndicates, which can offer more tailored and specialized coverage.

Cons

  • The insurance policies offered by Underwriters at Lloyds of London may be more expensive compared to other insurance providers.
  • As an insurance marketplace, policies and coverages may vary widely depending on the syndicate chosen.
  • Underwriters at Lloyds of London is not a traditional insurance company and may have different policies and procedures compared to traditional insurers.

Final Verdict: Review of Lloyds of London

If you’re researching Underwriters at Lloyds London and are confused about the different company names you’ve come across, you are not alone.

Lloyds isn’t an insurance company, but an insurance marketplace with syndicates. Underwriters at Lloyd’s London refers either to general syndicate members or a branch.

That’s why you’ll see Underwriters at Lloyds of London, Underwriters of Lloyd’s of London, Lloyd’s Canada, Lloyds of London USA, Lloyds of London Insurance USA, Lloyd’s Insurance Company, Lloyds of London Insurance Co, Lloyd’s Insurance Company S.A., and more.

Certain underwriters at Lloyds Insurance are organized into syndicates. As a multi-billion dollar company with dozens of syndicates, Lloyds of London offers home insurance policies and other insurance policies to protect anything you consider valuable or costly to replace.

To compare affordable Lloyds of London home insurance quotes and Lloyds of London car insurance quotes to others in the industry, use our free quote tool to find affordable insurance rates.

Keep reading to learn the Lloyds of London insurance contact phone number as well as Lloyd’s of London claims information.

[su_box title="The Lowdown" style="default"]
  • Underwriters at Lloyds of London are part of a syndicate pooling resources to pay claims.
  • Lloyds of London is based in the U.K. but has U.S. operations, such as Lloyds of London home insurance USA.
  • Home insurance from Lloyds of London is available to U.S. customers.
[/su_box] If you're researching Underwriters at Lloyds London and are confused about the different company names you've come across, you are not alone. Lloyds isn't an insurance company, but an insurance marketplace with syndicates. Underwriters at Lloyd's London refers either to general syndicate members or a branch. That's why you'll see Underwriters at Lloyds of London, Underwriters of Lloyd's of London, Lloyd's Canada, Lloyds of London USA, Lloyds of London Insurance USA, Lloyd's Insurance Company, Lloyds of London Insurance Co, Lloyd’s Insurance Company S.A., and more. Certain underwriters at Lloyds Insurance are organized into syndicates. As a multi-billion dollar company with dozens of syndicates, Lloyds of London offers home insurance policies and other insurance policies to protect anything you consider valuable or costly to replace. To compare affordable Lloyds of London home insurance quotes and Lloyds of London car insurance quotes to others in the industry, use our free quote tool to find affordable insurance rates. Keep reading to learn the Lloyds of London insurance contact phone number as well as Lloyd's of London claims information.

What You Should Know About Lloyds of London

Founded in 1987, Lloyds of London has had some ups and downs in its over 30 years in business. They continue to show great financial strength over the years. Underwriters at Lloyds of London A.M. Best insurance rating is (A) Excellent.

Lloyds of London customer service has also received good reviews. The Lloyds of London Insurance customer service number is 0345 300 0000.

Key Operators at Lloyd’s of London

There are five main groups that make up the Lloyd’s of London marketplace. These are the syndicates, the insurance buyers, the brokers, the managing agents, and the cover holders.

The Syndicates: The syndicates are the key players at Lloyd’s. They are made up of corporations or individuals. The syndicates are basically the insurance companies that offer a specific type of insurance. More than one syndicate can participate in an insurance policy, thereby spreading the risk out among many syndicates.

The Insurance Buyers: These are the individuals or corporations buying the insurance. Many times if a traditional insurance provider does not provide the insurance needed, perhaps for a particularly risky business, individuals can find insurance sellers at Lloyd’s.

The Brokers: the brokers at Lloyd’s act as go-betweens for the insurance buyers and the syndicates. The brokers help facilitate and match the appropriate syndicate to the buyer. Brokers at Lloyds must be approved by the Corporation of Lloyd’s to be allowed to do business in the marketplace.

The Managing Agents: The managing agents work for the syndicates and manage their daily operations. They are responsible for hiring and overseeing all essential staff, such as underwriters and accountants.

The Cover Holders: Cover holders are companies that underwrite the insurance policies for managing agents. These are outside entities that Lloyd’s contracts to do certain business that isn’t done by the brokers. They are given specific authority to transact certain business in the marketplace. Cover holders allow Lloyd’s of London to operate globally without having to set up shop in many locations.

How to Contact Underwriters at Lloyds of London

Contacting one of Lloyd’s underwriters is simple. Just call the Lloyds of London contact number area for your area. Certain Underwriters at Lloyds Insurance locations are overseas, but not all.

To contact the Underwriters at Lloyds of London you can all its U.S. locations at the Lloyds of London phone number 1-866-264-2533 or visit its website at www.lloyds.com. This number serves as both the Lloyds of London auto insurance number and the Lloyds of London homeowners insurance phone number.

Several Lloyds of London offices are in the United States, with the main headquarters and the Lloyds of London claims department USA being in New York.

The Lloyds of London address is 42 W 54TH St New York, NY, 10019-5405. Underwriters at Lloyds of London insurance phone number (212) 382-4060.

Making Claims with Underwriters of Lloyds of London

The process of advising underwriters of a loss is long and complicated, but the following is a concise and simplified summary of what occurs:

  • Upon receipt of Lloyds insurance claims, the London broker will perform multiple checks, and if all is OK, assign a Unique Claims Reference (UCR) and create an Electronic Claims File (ECF) which, as the name suggests, can be submitted to underwriters electronically.  However, less commonly, a paper claims file can be created, which must be physically presented to underwriters.
  • Underwriters will review the file in either format and add comments or questions as necessary. The London broker will then forward the file to the agent, adjuster, and anyone else, as required.
  • Any subsequent reports are referred to the market in a similar fashion until all coverage questions have been answered and the Lloyds of London claim is ready to be resolved.
  • When payment is due to be collected from underwriters, an electronic collection request is made via ECF to the relevant agreement parties.
  • Once all parties have approved the payment collection request, Lloyds of London claims are processed through Lloyd’s central accounting system and the money is deposited into the London broker’s account for subsequent transmission to the insured.

If you need to file Lloyds insurance claims, the Lloyds of London insurance claims phone number is 1-800-749-6419. Keep this Lloyds insurance claims number handy in case you need to make a claim.

Underwriters of Lloyds of London: The Bottom Line

Hopefully, this article has cleared up the details about Lloyds of London and the work that they do. Even though they originated in London, England they have offices in the United States, so they are here to help you.

Do you want to buy Underwriters of Lloyds of London home insurance? To compare rates from other companies to Underwriters of Lloyds of London home insurance rates, use our free quote tool now.

Lloyds of London Insurance Coverage Options

Underwriters at Lloyds of London, operating as an insurance marketplace rather than a traditional insurance company, provide a diverse range of insurance coverages through their syndicates. Here’s an overview of the key coverages offered by Underwriters at Lloyds of London:

  • Property Insurance: Comprehensive coverage for residential and commercial properties against various perils such as fire, theft, and natural disasters.
  • Auto Insurance: Protection for vehicles, including cars, trucks, and motorcycles, offering coverage for accidents, theft, and liability.
  • Marine Insurance: Specialized coverage for marine-related risks, including cargo, hull, and liability insurance for ships and other watercraft.
  • Casualty Insurance: Liability coverage for businesses and individuals, safeguarding against legal claims arising from injury or property damage.
  • Professional Liability Insurance: Coverage for professionals against claims of negligence or errors and omissions in their professional services.
  • Cyber Insurance: Protection against cyber threats and data breaches, helping businesses mitigate financial losses and reputational damage.
  • Aviation Insurance: Tailored coverage for aircraft and aviation-related risks, encompassing hull damage, liability, and aviation business operations.
  • Surety Bonds: Financial guarantees ensuring contractual obligations are fulfilled, providing assurance to clients and partners.
  • Specialty Lines: Customized coverages for unique or complex risks, addressing specific needs across various industries.

Underwriters at Lloyds of London’s comprehensive suite of insurance coverages reflects their commitment to addressing a wide array of risks, utilizing the expertise of syndicates within their marketplace. Whether protecting property, navigating the seas, or securing against professional liabilities, Lloyds of London offers tailored solutions to meet the diverse needs of their clients. (For more information, read our “What is insurance underwriting?“).

Compare Insurance Providers Rates to Save Up to 75%

secured lock Secured with SHA-256 Encryption

Lloyds of London Insurance Rates Breakdown

Driver ProfileUnderwriters at LloydsNational Average
Clean Record$75$119
1+ Ticket$117$147
1+ Accident$142$173
DUI$150$209
Poor Credit$129$205

*monthly rates are based on an average of minimum and full coverage for a 45-year-old male driver

View as image

Lloyds of London Discounts Available

DiscountsUnderwriters at Lloyds
Anti Theft10%
Good Student18%
Low Mileage13%
Paperless10%
Safe Driver20%
Senior Driver13%

Underwriters at Lloyds of London, the renowned insurance marketplace, understand the importance of providing cost-effective solutions for their policyholders. In addition to offering a broad spectrum of insurance coverages, the company provides various discounts to enhance affordability.

Here’s a closer look at the discount opportunities available to insureds seeking coverage from Underwriters at Lloyds of London:

  • Multi-Policy Discount: Enjoy savings when bundling multiple insurance policies, such as home and auto insurance, under the same coverage provider.
  • Safety Features Discount: Policyholders can qualify for discounts by incorporating safety features in their homes or vehicles, showcasing a commitment to risk mitigation.
  • Claims-Free Discount: Those with a history of maintaining a claims-free record may be eligible for discounts as a reward for responsible insurance practices.
  • Security System Discount: Homeowners installing security systems or devices may benefit from reduced premiums, reflecting the enhanced protection of their property.
  • Good Driver Discount: Safe and responsible drivers with a clean record may qualify for discounted rates on their auto insurance policies.
  • Professional Memberships Discount: Discounts are extended to individuals who are members of professional organizations or associations, recognizing their commitment to excellence.
  • Renewal Discounts: Loyal policyholders who renew their coverage with Underwriters at Lloyds of London may be eligible for exclusive renewal discounts.
  • Safety Training Discounts: Individuals who undergo and complete safety training courses may access discounts as a result of their commitment to risk awareness and prevention.

Underwriters at Lloyds of London’s commitment to customer satisfaction extends beyond comprehensive coverage options to include attractive discount opportunities.

These discounts not only make insurance more affordable for policyholders but also serve as incentives for adopting responsible and safety-conscious practices. To explore personalized discount options and tailor your insurance coverage to your unique needs, consult with knowledgeable insurance brokers within the Lloyds marketplace.

How Lloyds of London Ranks Among Providers

In the dynamic landscape of insurance, Underwriters at Lloyds of London operates in a competitive market alongside several notable industry players. Understanding the company’s main competitors provides insight into the broader choices available to consumers seeking diverse insurance solutions. Here’s a glimpse into the key competitors challenging Underwriters at Lloyds of London:

  •  AIG (American International Group): A global insurance giant, AIG offers a wide range of insurance products and services, including property, casualty, life, and retirement solutions. With a strong international presence, AIG competes with Underwriters at Lloyds in various insurance segments.
  • Chubb Limited: Chubb is a multinational insurer known for providing high-net-worth individuals and businesses with specialty insurance products. With a focus on risk management and tailored coverage, Chubb competes with Underwriters at Lloyds, particularly in the specialty lines of insurance.
  •  Allianz SE: Allianz is a leading global insurer and financial services provider, offering a diverse portfolio of insurance products, asset management, and banking services. Its international reach and comprehensive offerings position it as a significant competitor to Underwriters at Lloyds on a global scale.
  • Zurich Insurance Group: Zurich is a major player in the insurance industry, offering a range of products, including property and casualty insurance, life insurance, and more. With a strong emphasis on risk management, Zurich competes with Underwriters at Lloyds in various insurance sectors.
  • Berkshire Hathaway: Led by Warren Buffett, Berkshire Hathaway has a diverse range of businesses, including insurance. Its insurance subsidiaries, such as GEICO and Berkshire Hathaway Reinsurance Group, contribute to its competitiveness in the insurance market, overlapping with Underwriters at Lloyds in certain areas.

As Underwriters at Lloyds of London continues to innovate and adapt to changing market dynamics, it faces formidable competition from industry leaders like AIG, Chubb, Allianz, Zurich, and Berkshire Hathaway.

This competitive landscape benefits consumers by fostering a market where insurers strive to offer diverse, high-quality, and cost-effective solutions. When exploring insurance options, individuals and businesses are encouraged to compare offerings from these key competitors to find the coverage that best aligns with their unique needs and preferences.

Frequently Asked Questions

What is Underwriters at Lloyd’s Insurance?

Underwriters at Lloyd’s Insurance, commonly referred to as Lloyd’s of London, is not an insurance company but rather a marketplace where various insurance underwriters come together to provide specialized insurance coverage. Lloyd’s operates as an insurance marketplace and facilitates the placement and underwriting of a wide range of insurance policies.

How can I access insurance coverage through Lloyd’s of London?

To access insurance coverage through Lloyd’s of London, individuals or businesses typically work with insurance brokers or agents who have access to the Lloyd’s marketplace. These brokers have expertise in navigating the Lloyd’s market and can help identify appropriate syndicates and negotiate insurance coverage on behalf of their clients.

What coverages does Underwriters at Lloyds of London offer through its syndicates?

Underwriters at Lloyds of London provide a diverse range of insurance coverages through their syndicates, addressing risks such as property protection, marine navigation, and professional liabilities.

How does Underwriters at Lloyds of London compare to traditional insurance providers in terms of customer ratings and reviews?

Underwriters at Lloyds of London has received positive customer reviews, with notable financial strength and an A.M. Best insurance rating of (A) Excellent. The company’s unique marketplace model and commitment to customer satisfaction contribute to its positive reputation.

What are the key groups involved in the Lloyd’s of London marketplace, and how do they operate?

The main groups in the Lloyd’s of London marketplace include syndicates, insurance buyers, brokers, managing agents, and cover holders. Syndicates act as insurance companies, brokers facilitate transactions, managing agents oversee daily operations, and cover holders underwrite specific policies, allowing Lloyd’s to operate globally.

Compare Insurance Providers Rates to Save Up to 75%

secured lock Secured with SHA-256 Encryption

Laura Kuhl

Insurance Content Team Lead

Laura Kuhl holds a Master’s Degree in Professional Writing from the University of North Carolina at Wilmington. Her career began in healthcare and wellness, creating lifestyle content for doctors, dentists, and other healthcare and holistic professionals. In 2018, she started writing for the cannabis industry. She curated news articles and insider interviews with investors and small business ...

Insurance Content Team Lead

Michelle Robbins

Licensed Insurance Agent

Michelle Robbins has been a licensed insurance agent for over 13 years. Her career began in the real estate industry, supporting local realtors with Title Insurance. After several years, Michelle shifted to real estate home warranty insurance, where she managed a territory of over 100 miles of real estate professionals. Later, Agent Robbins obtained more licensing and experience serving families a...

Licensed Insurance Agent

Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.

Free Insurance Providers Comparison

Compare Insurance Providers Rates to Save Up to 75%

secured lock Secured with SHA-256 Encryption