A London client had waited months for delivery of his brand new Lamborghini Aventador LP 700-4, to his personal spec. Three weeks later it was stolen.
Although it was recovered within 48 hours, heartbreakingly, the thieves had totally trashed it and left it a burned out wreck.
With the Lamborghini Club UK Insurance Scheme from Lockton:
The Aventador was insured with us at an Agreed Value of £269,000, to include the extras he had fitted.
We paid the full Agreed Value of £269,000 – without any deduction for excess or depreciation. Cleared funds were in his bank account, via BACS, within 24 hours of the relevant documents being received.
With a standard policy:
For any cash settlement, the client would probably be obliged to accept the so-called market value – which could be nearly £30,000 less than he paid – minus an excess.