Lumley Special Vehicles : Everything you need to know

Lumley Special Vehicles: Everything you need to know

About Lumley Special Vehicles

Lumley Special Vehicles (LSV) is an Insurance Australia Group (IAG) backed provider of classic car insurance for Australia’s motoring enthusiasts. It offers a range of coverage from classics and vintage rides to prestige and muscle cars. Its list of heritage brands includes Torque Underwriting, Prestige Car Insurance, VIGIL Underwriting, and Unique Car Insurance.

Coverage types

Lumley Special Vehicles provide comprehensive insurance that covers loss or damage to the policyholder’s car, as well as for damage they may cause to somebody else’s vehicle or property worth up to $30 million. It also offers third-party property damage insurance, which protects policyholders against claims for damage they may cause to another person’s car or property also up to $30 million.

The types of vehicles LSV covers are:

• Vintage cars: Cars manufactured prior to 1940
• Classic cars: Cars 25 years of age or older
• Modern classics: Cars older than 10 years of limited build
• Classic motorcycles: Motorcycles that are 25 years of age or older

Key benefits (comprehensive insurance)

• Choice of repairer – customers have a say in who repairs their car after an accident
• Agreed value – if the car is deemed a total loss, policyholders have the peace of mind of knowing exactly what the payout figure will be
• Salvage rights – if a car is over 25 years of age and is involved in an accident where it is a total loss, policyholders are given the option to retain the unrepaired vehicle in addition to being paid out the agreed value of the car
• Multi-car (stable) discount – can be accessed if more than one car is insured in one policy
• Limited usage cover – premiums reflect how frequent the car is used
• Lifetime guarantee on repairs – workmanship and materials on all authorised repairs are guaranteed for the life of the car
• No blame, no penalty – for accidents not at the fault of the policyholder, if they can inform LSV of the other party’s name, address and/or registration number, then no excess applies
• Car club discount – members of certain car clubs are eligible for an additional discount
• Laid up cover – cars in the process of being restored and not being driven may be eligible for a reduced premium
• Emergency cover – if a car is damaged or stolen more than 200kms from home, policyholders are eligible for up to $1,000 towards emergency accommodation and journey costs
• $30 million legal liability - up to $30 million worth of legal liability against loss or damage to someone else’s property, caused by the policyholder’s car
• Trailer cover – up to $1,000 worth of repair and replacement costs for trailers attached to the insured vehicle
• Choice of standard excess – option of increasing excess to save money on premium
• Theft of keys and recoding – up to $1,500 coverage for the repair, replacement, or recoding of vehicle keys, locks, and barrels

Sponsorships

Lumley Special Vehicles is an avid supporter of motoring clubs and events across Australia. Its dedicated team supports a range of events and activities held by motoring clubs throughout the year, taking great pleasure in meeting with fellow enthusiasts and customers alike. Among the car clubs LSV sponsors are MG Car Club, Jaguar Car Club, Association of Austin-Healey Clubs Inc, Porsche Club, Smokin’ Aces Club, and Fiat Car Club.