Hagerty rolls out new specialist insurance product in the UK

Policies of existing clients who qualify will be updated

Hagerty rolls out new specialist insurance product in the UK

Motor & Fleet

By Terry Gangcuangco

US specialist insurance provider Hagerty has launched its private client service in the UK.

Designed for clients with vehicles and collections valued at over £250,000, the new offering will feature a dedicated team to manage vehicle collectors’ insurance needs. The product also comes with expert valuation of vehicles and added-value benefits such as ‘diminished value’ and ‘cherished salvage’.

“We are proud to launch this new initiative to market, further demonstrating how Hagerty has a solution for all classic and collector vehicle owners,” said Hagerty International managing director Mark Roper, who is well-versed in the area of high net worth programmes.

“While this new product requires an insured value of at least £250,000 for a client to be eligible, this can be calculated from a collection or a single vehicle, and Hagerty experts will value each client collection with unrivalled accuracy using our market-leading valuation data.”

In an emailed release, Roper added: “Every client is valued at Hagerty, and it is our aim to make every Hagerty member feel a part of our family who can enjoy a variety of exclusive benefits and experiences only we can provide.”

Existing Hagerty policyholders who are qualified for the private client service will see their policies updated accordingly.

What do you think of this new offering? Share your thoughts in the comments below.

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