Hagerty is the leading insurer of collector cars and classic boats in the United States. As way of explanation about how Hagerty grew to become the most popular collector and classic car insurance company in the United States, highlighted below are aspects of the Hagerty approach to cherished vehicle insurance that have contributed towards making them number one.
Hagerty Agreed Value Cover For Total Loss.
Have you ever insured a vehicle that wound up a total loss as a result of an accident? After you submitted a claim to your insurer did you receive the value that you had written down on the proposal form or did you get less, perhaps much less? It is quite common for claimants to receive less than they expected due to the depreciation of a vehicle’s value. In regard to classic or collector vehicles this standard strategy is less clear because classic and collector vehicles appeal to a very different market. However, many car insurance companies do not recognise the classic, collectors market as anything different, even when the vehicle you want insured is very obviously a classic.
In such instances you and your classic will be treated the same as anyone else, except that what you suggest as the value of your vehicle will merely be considered as your ‘inexpert’ opinion. In the event that your classic is involved in an accident you will suddenly discover that your cherished vehicle was, in insurance eyes, worth considerably less than stated on the proposal form. You could quite easily wind up receiving just a fraction of the true value of your vehicle. If that doesn’t scare you, it should, because it can and does happen. Collector and Classic vehicles need to be properly assessed for insurance purposes if you are not to lose out in the event of an accident. Hagerty recognised back in 1983, a need to provide specialist insurance cover for vehicles that represent stages in motoring evolution, and today they offer well established cover terms that include Agreed Value Cover For Total Loss. This means that when you reach agreement with Hagerty as to the true value of your vehicle, and sign the dotted line, in the event of an accident in which your vehicle is totally destroyed, you will receive exactly what was written in the agreement without suffering any further loss. Hagerty pays you out in FULL, and that honesty is one of the powerful reasons why Hagerty receives top billing in the United States, as the Insurance Company to use in respect of Classic and Collector vehicles.
Hagerty Flexible Vehicle Use
The term ‘flexible vehicle use’ relates to a negotiation that you may have with Hagerty that helps keep your premium low, while allowing you to enjoy driving your cherished vehicle for a specific number of miles annually. Hagerty will quote you charges relating to specific mileages and ask you to suggest the most appropriate. For example you could suggest that you will use your cherished vehicle to travel 1,000 miles a year or alternatively 10,000 miles. The lower the number of miles you cover annually, the lower your premium. All you need do is keep to the mileage that you have advised Hagerty, if you want to cover more miles that’s no problem either. Just give Hagerty a call to let them know in order that you do not render your cover void.
Hagerty Choice of Repair Services
The Hagerty Insurance Agency gives you the opportunity to select from a list of approved garages when your vehicle is in need of repair. There’s no need to be concerned that your cherished vehicle will be worked on by amateurs, Hagerty has identified suitable garages with the necessary professional skills to make good on any damage or mechanical repair as necessary.
Hagerty Low Premiums
Hagerty is able to provide low premiums through mechanisms in place such as flexible usage that are designed to contribute towards premium reductions. In order to find out how cheaply your cherished vehicle can be insured, call the Hagerty Insurance Agency today, because they've been available in the UK since January 2006.