Hagerty launches private client service

The product is designed especially for classic and collector vehicles owners. Hagerty Private Clients will have an allocated team to manage the insurance.

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.

Mark Roper

The offering comes with services, including a diminished value product whereby if, following an insurance claim, the market value of the vehicle has fallen due to said claim, owners can receive a proportion of the difference (up to a maximum of £500,000).

Cherished Salvage is also available, giving an owner right to retain a cherished vehicle, in the even of a total lost claim, while still receiving a full financial statement.

The new initiative will be led by Hagerty International managing director Mark Roper.

VIP access

Roper said: “We are proud to launch this new initiative to market further demonstrating how Hagerty has a solution for all classic and collector vehicle owners.

“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.”

Other offerings

The automotive specialist also offers an Enthusiast Carbon Offset programme in the UK, which is a voluntary initiative created to help motorists reduce the carbon footprint of their vehicles.

This time in 2022, Hagerty International teamed up with Gullwing Racing Insurance to launch an on-track product for the UK, and created a specialist motorsport team to look after specific client needs.

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