Hagerty Insurance Michigan Explained

Hagerty Insurance is a well-known provider of classic car insurance in Michigan, with a range of coverage options designed to meet the unique needs of classic vehicle owners.

Their policies typically cover damages to the vehicle, as well as liability for accidents or injuries caused by the vehicle.

One of the key benefits of Hagerty Insurance is their ability to provide coverage for vehicles that may not be eligible for standard insurance policies, such as rare or high-value vehicles.

Their policies often include features like agreed value coverage, which ensures that the vehicle is insured for its actual value, rather than its market value.

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Michigan Hagerty Insurance News is exciting, especially for classic car owners. Hagerty Insurance offers a range of coverage options for classic vehicles, including liability, collision, and comprehensive coverage.

Their insurance policies can be tailored to fit the specific needs of classic car owners, including coverage for restoration costs and agreed value. Hagerty Insurance also provides 24/7 claims service, which is a huge plus for those who need to file a claim quickly.

One of the standout features of Hagerty Insurance is their network of classic car experts who can provide guidance and support throughout the claims process. This level of expertise and support can make a big difference for classic car owners who may be unfamiliar with the insurance process.

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Hagerty, a classic car insurer based in Michigan, has announced a merger with Aldel Financial, a special purpose acquisition company. This deal will take the company public and trade on the New York Stock Exchange under the ticker symbol HGTY.

The merger is valued at $3.13 billion and is expected to generate $820 million in gross proceeds. Hagerty will keep its home base in Michigan and be managed by the same team.

McKeel Hagerty, the company's CEO, said the company will hire several hundred more employees, bringing the total to about 2,150 people. This includes the current 1,550 employees, with 760 in Traverse City and a "significant presence" in Ann Arbor.

The Hagerty family will retain ownership and control of the company, with McKeel Hagerty stating that the company will be "predominantly owned and controlled by the Hagerty family."

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Michigan's Hagerty Insurance is a leading provider of classic car insurance, with a policy that covers up to $1 million in value.

Hagerty's expertise in classic car insurance is rooted in its founder's passion for classic cars, which began with a 1965 Porsche 911 that he restored as a teenager.

The company's focus on classic cars has led to the development of specialized policies that cater to the unique needs of collectors and enthusiasts.

Hagerty's policies cover a wide range of classic cars, from muscle cars to vintage motorcycles, with coverage options that include liability, collision, and comprehensive coverage.

Classic car owners can also take advantage of Hagerty's claims service, which has a 95% satisfaction rating among policyholders.

Hagerty's commitment to the classic car community has earned the company a reputation as a trusted and knowledgeable partner for collectors and enthusiasts.

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Hagerty Insurance Michigan is a specialized insurance company that offers coverage for classic cars.

They have a wide range of policies to choose from, including collector car insurance, classic car insurance, and muscle car insurance.

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Hagerty Insurance Michigan has a team of experts who are passionate about classic cars and can provide personalized service to their clients.

Their policies often include features such as agreed value coverage, which ensures that your classic car is insured for its full value, and spare parts coverage, which covers the cost of replacing parts that are no longer in production.

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