Read below to understand which products are offered by which LV company.
We’ve been in business since 1843, and take great care to manage our affairs sensibly. If we ever did get into financial trouble and couldn’t honour our commitments, you may be entitled to compensation from the Financial Services Compensation Scheme.
The compensation you could get depends on the type of product you have.
Compulsory Insurance (e.g. 3rd party motor insurance)
100% of the claim, and the maximum compensation is unlimited.
Non-compulsory Insurance (e.g. home and general)
90% of the total claim, and the maximum compensation is unlimited.
Long Term Insurance (e.g. pensions and life assurance)
100% of the total claim. For life assurance, the scheme's first responsibility is to seek continuity of life assurance rather than to pay compensation.
100% of the first £85,000 of each depositor's claim.
100% of the first £50,000. For investments, the scheme’s first responsibility is to seek continuity of investment rather than to pay compensation.
The actual level of compensation you receive will depend upon the basis of your claim.
For more information go to www.fscs.org.uk or call 0800 678 1100 or 0207 741 4100.