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Warning to Australian owners insured with Lumley
Just thought I would mention something a bit shonky that I noticed Lumley Insurance have done with the policy for my Bristol 411.
It has an agreed value of $50,000 and has done for many years. After I renew the policy the new receipted policy document arrives in the post, but I don't pay much attention to it because it never really changes. I finally got around to doing some filing and I had a quick flick through it before putting it away and I noticed that while the premium had increased by about 15%, but the agreed value had been reduced to $25,000. I remember paying for the renewal over the phone and no mention was made at the time of a reduction in the value of the vehicle, so if I hadn't noticed it they would have got away with it! I'm waiting for them to call me back with an explanation. |
How bizarre ! If anything the agreed value should have been doubled and not halved !
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