A type of instrument used in connection with the sale of real estate. It differs from a mortgage in that title to the land remains with the seller until the buyer has completed the payments, though possession rests with the buyer. Superficially, a land contract is the instrument that conveys the deed of land from one person to another person upon full payment of the stated purchase price.
Insurance Encyclopedia
Land Risks
Insurances relating to land based property. In respect of these commercial insurers do not grant war risk cover.
Landed value
Market value of cargo at destination on the final day of discharge from the carrying vessel.
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Wholesale market value at destination on final day of discharge.
Landlord’s Protective Liability
contract of Insurance covering liability for accidents on owned property leased to others
Landlords protective liability (Liability Insurance)
Insurance that covers a property owner acting as a landlord by renting his property to a tenant.
Landslip
Property insurance peril held to mean a rapid downward movement under the influence of gravity of a mass or rock or earth on a slope. The word rapid may in some cases give way to the concept of the ‘slow accident. Pressure built up over time before pushing over a wall may be landslip (Ombudsman view). Landslip is insured as an additional peril alongside subsidence and heave. In all forms of cover, normal land settlement and coastal erosion are excluded together with damage to boundary walls, gates and fences unless the buildings are damaged at the same time.
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The sliding down of a mass of land.