Are you a 911 superfan? Or perhaps you’ve got a Defender for the weekend, and a GT for the open road? Whatever your lineup, we know you want the best for your cars. Taking out a specialist Family Fleet policy may offer the ideal solution, bringing all your vehicles together in a single, streamlined policy.
But with lots of multi-car policies out there, it can be difficult to distinguish one from the next. For that reason, we decided to address some basic questions about Family Fleet, and highlight what exactly makes it so special.
What is Family Fleet Insurance?
Family Fleet is a specialist insurance policy that gives you convenient cover for multiple cars within your collection. It is distinct from a commercial vehicle “fleet” policy – designed to cover fleets of company-owned vehicles.
Insuring multiple cars on multiple policies can be confusing and stressful – with different providers, different placements, and several renewal dates. Family Fleet makes this simple, by bringing all your cars together under one policy, with one renewal date, and one payment. It may also help you unlock exclusive rates that aren’t available to single-car owners.
A Family Fleet policy is particularly useful if you have vehicles used by several associated people, kept across different locations.
Who’s covered under the policy?
Family Fleet can provide cover for your entire extended household, including you, your family, and any other named and approved driver – ensuring that driving is easy and hassle-free. Naturally, higher performance or more expensive cars may come with certain limitations for younger drivers.
It also includes comprehensive cover for anyone else over the age of 35 who doesn’t live with you, including professional drivers and friends. So, if a visitor wants to take your car for a spin, there’s no need to check – they’re automatically covered.
Within the policy, we’ve also included comprehensive cover for you to drive other people’s cars. If you have an accident while driving a friend’s vehicle, this can avoid the embarrassing and costly mistakes that can occur if you only have third-party cover.
How are my cars valued?
Typically, motor policies operate on a “market value” basis. If your car suffers a loss, its valuation will be based on the car’s value at the point of loss.
With our specialist Family Fleet policy, this isn’t the case. Buyers will have the benefit of an “agreed value” of their cars – meaning that the value of your car is locked in at the start of the policy year, and is renewed and assessed annually.
Previously only a feature of classic car policies, agreed value gives you certainty about how much you’ll receive in the event of a loss – protecting you against disputes, surprise valuations, and ensuring you have peace of mind about your car.
Does it cover different brands?
If you joined through one of our car club schemes, you may think you can only insure cars from that marque under our policy. Fortunately, this couldn’t be further from the truth.
We’re proud to support multi-car insurances that are bespoke to you. So, whichever model has your heart, you’ll be able to access our specialist market products.
Before you renew your premium for that daily driver, or other classic vehicle, give your dedicated client manager a call. We’ll do our best to support you.
What happens if I have an accident?
If you’re involved in an accident, Family Fleet allows you to have your vehicle repaired by a company of your choice, rather than a generic repairer approved by the insurer. There are no penalties for opting for your choice.
When it comes to handling your claim, we prioritise you. Unlike many insurers, we won’t hand your claim over to a third-party handler, with expensive admin fees. Instead, we focus on completing your repair promptly, efficiently, and on your terms.
You’ll also be provided with a suitable replacement vehicle, which will match your own in terms of type, size, and specification. And if one isn’t available, you’ll receive a cash alternative to facilitate hiring a suitable vehicle.
What if my car is written off?
No one wants to contemplate their car being written off. But if the worst does happen, and your vehicle is deemed a total loss following an accident or theft, Family Fleet will replace as new any car up to 2-years old. This is longer than many other policies, which typically specify a limit of 12 months.
The insurers who provide this type of policy back this up with a high quality, efficient claims service. They understand that you’ll want your claim dealt with quickly, and with minimal disruption to your life.
How Family Fleet compares to ‘multi car insurance’
Many insurers offer a ‘multi car’ type policy. However, these aren’t necessarily cheaper than Family Fleet, and may lack the breadth of cover benefits that a Family Fleet policy provides as standard, including:
Any Driver Over 35 cover instead of Named Drivers Only
Comprehensive Driving Other Cars instead of third-party only
Full UK & EU Breakdown Recovery, including repatriation and home start
Increased Legal Expenses Cover
Choice of your own repairer, without having to pay a higher excess
No excess in the event of a total loss claim
Looking for more?
Family Fleet is just the start. At Lockton, we can insure the rest of your collection, the classics you’ve restored, and any other vehicles you own – giving you one trusted partner across it all.
For more details, reach out to your dedicated Account Handler.
