Lloyd's Market Association Bulletin

LMA23-026-DP | 22 September 2023

Model Louisiana Homeowners' insurance policy deductible published

The LMA has published a model version of the Homeowners’ insurance policy deductible   required by the Louisiana department of insurance (effective 1/1/2023). The model notice is closely based on the version published by the Louisiana Department of Insurance (Bulletin 2022-04), with yellow highlight added to the items for the insurer to complete.

All LMA model documents are purely illustrative and are published and distributed for the guidance of Lloyd’s managing agents, brokers, and other market participants. All contracting parties are free to agree to different conditions/amend the model documents as they see fit; the LMA does not protect its intellectual property rights over model documents. It is for underwriters to decide whether or not any contractual language is acceptable on any given risk. These documents are available on the Lloyd’s Wordings Repository  (LWR).

David Powell
Head of Technical Underwriting

Chris Mather 
Senior Executive, Technical Underwriting