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You can now insure any combination of cars under one policy at Lloyd's.
New Motor Insurance Product
01 Apr 06
Specialist Lloyd’s motor insurer KGM has launched a new policy - 2INFINITY - which allows car lovers to insure all their motor vehicles in one policy.
One policy will cover any combination of vehicles, from a classic car and commuter vehicle, to a motorcycle and white van.
Robin Mellish, business development manager at KGM said the new policy was the only one of its kind underwritten within the Lloyd’s market.
He added: “There is no other policy that has the flexibility to include classic cars and motorcycles as well as some light commercial vehicles. It’s the ideal insurance solution for the motorist that also collects specialist vehicles or enjoys taking the motorbike out at weekends – or for someone who simply loves cars!”
The innovation means that policyholders only have one set of motor insurance documents, and one renewal date. It can cater for different cover levels and driver options for each vehicle, and new vehicles can be added to the policy mid-term. It also provides a level of convenience for brokers as they only need to issue one key facts sheet per policy and make one submission to the Motor Insurance Database.
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