We present progenitor-star detections, light curves, and optical spectra of supernova (SN) 2009ip and the 2009 optical transient in UGC 2773 (U2773-OT), which were not genuine SNe. Precursor variability in the decade before outburst indicates that both of the progenitor stars were luminous blue variables (LBVs). Their pre-outburst light curves resemble the S Doradus phases that preceded giant eruptions of the prototypical LBVs η Carinae and SN 1954J (V12 in NGC 2403), with intermediate progenitor luminosities. Hubble Space Telescope detections a decade before discovery indicate that the SN 2009ip and U2773-OT progenitors were supergiants with likely initial masses of 50-80 M $_sun$ and gsim20 M $_sun$, respectively. Both outbursts had spectra befitting known LBVs, although in different physical states. SN 2009ip exhibited a hot LBV spectrum with characteristic speeds of 550 km s$^-1$, plus evidence for faster material up to 5000 km s$^-1$, resembling the slow Homunculus and fast blast wave of η Carinae. In contrast, U2773-OT shows a forest of narrow absorption and emission lines comparable to that of S Dor in its cool state, plus [Ca II] emission and an infrared excess indicative of dust, similar to SN 2008S and the 2008 optical transient in NGC 300 (N300-OT). The [Ca II] emission is probably tied to a dusty pre-outburst environment, and is not a distinguishing property of the outburst mechanism. The LBV nature of SN 2009ip and U2773-OT may provide a critical link between historical LBV eruptions, while U2773-OT may provide a link between LBVs and the unusual dust-obscured transients SN 2008S and N300-OT. Future searches will uncover more examples of precursor LBV variability of this kind, providing key clues that may help unravel the instability driving LBV eruptions in massive stars.