For What It’s Worth
LSV want to demystify the term agreed value as they often find that customers have questions about its use and application.
LSV understand that some people have cars that are rare and unique. They also appreciate what goes into obtaining, building and/or maintaining a vehicle of high pedigree.
This is the reason why under LSV’s Comprehensive Car Insurance, they only offer an agreed value. This means that they will discuss an agreed amount to insure your car and lock this figure in for the term of the insurance period – traditionally 12 months.
In deciding what amount they can offer as an agreed value, there are a myriad of factors they consider including the following:
- The type of car – year, make, model and series
- Is the car original and/or stock, or a replica?
- The non-standard accessories or modifications fitted to it
- The condition of the car including (original) kilometres
- Purchase price (if a relatively recent purchase) and if that price is relevant to the current market
LSV want their customers to have peace to mind and know exactly what value they would receive if the unspeakable were ever to happen to their pride and joy.
To find out more information about LSV agreed value policy or to get a quote, please call LSV on 133 578 or visit the website at www.lsvcarinsurance.com.au
Lumley Special Vehicles Comprehensive Car Insurance is issued by WFI Insurance Limited ABN 24 000 036 279 AFSL 241461 trading as Lumley Special Vehicles. Any advice provided is of general nature only and does not take into account your objectives, financial situation and needs. You should consider these matters and read the relevant Product Disclosure Statement (PDS) before you act on any advice. You can get a copy of the PDS from lsvcarinsurance.com.au or by calling 133 578.