What Does Hagerty Insurance Cover for Classic Vehicle Owners

As a classic vehicle owner, you're likely to be curious about what's covered under a Hagerty insurance policy. Hagerty insurance offers a range of coverage options for classic vehicle owners.

If you're looking to insure your vintage ride, Hagerty's Agreed Value coverage is a great option. This coverage type ensures that your vehicle is insured for its agreed-upon value, which can be especially important for rare or high-value vehicles.

Hagerty's coverage also extends to restoration costs, which can be a significant expense for classic vehicle owners.

Hagerty insurance covers a wide range of classic and collector vehicles, including cars from 1979 or older, collector luxury cars from 1980 or newer, and modified cars with significant body or performance changes.

With Hagerty, you can insure your classic car, collector truck, or SUV, regardless of its age or condition. If you drive a retired fire truck, semi, bus, or any 25-year-old plus retired vehicle used for personal driving, you can qualify for coverage.

Broaden your view: Does Health Insurance Cover Plan B

You can also get insurance for your racing car, military vehicle, or antique tractor, as long as it's in good condition or being restored. Hagerty even covers trailers that transport your classic or collector car.

Here are some examples of vehicles that Hagerty insures:

Hagerty's insurance policies also offer agreed value and stated value options, which can provide peace of mind when it comes to protecting your investment.

A fresh viewpoint: Does Insurance Cover Diminished Value

Total Loss Protection is a critical aspect of Hagerty insurance.

Your collector vehicle is filled with years of love, work, memories, and stories that can't be replaced, and Hagerty knows this.

If the worst happens, a total loss, Hagerty helps you keep your classic car and still receive your full Guaranteed Value with Cherished Salvage.

Hagerty protects all kinds of classic cars, trucks, antique cars, modified and newer vehicles, in addition to motorcycles, vintage tractors, boats, and more.

In the event of a covered total loss, you receive every cent of your classic car's insured value, no depreciation, no hassle.

This means you don't have to worry about the hassle of dealing with depreciation, you'll get the full value of your car.

Recommended read: Comprehensive Insurance Cost per Month

Hagerty offers a range of insurance options to cover your classic or collector car, whether you keep it for shows or pleasure rides. You can buy coverage for property damage liability, bodily injury liability, and more.

Some of the key insurance options include property damage liability, which pays for damage to another person's car or belongings if you cause an accident, and bodily injury liability, which covers medical expenses for other drivers, passengers, or pedestrians if you injure them with your car.

Hagerty also offers uninsured/underinsured motorist coverage, which guarantees protection for your own car's damage or medical bills if the other driver doesn't have enough insurance. Additionally, they offer personal injury protection, medical payments, collision, and comprehensive coverage.

Here are some of the key insurance options and their corresponding coverage types:

Hagerty also covers a wide range of classic vehicles, including classic cars, collector luxury cars, collector trucks and SUVs, and more.

With Hagerty insurance, you can enjoy your classic or collector car without worrying about restrictions. You can use your vehicle for occasional pleasure drives, like taking it to the local ice cream shop.

One of the benefits of Hagerty's insurance is that they have a team of in-house parts specialists who can help you find replacement parts, including LKQ, OEM, and NOS parts. They'll track down hard-to-find parts if they're out there.

You can use your classic or collector car for unlimited events and cruises without worrying about insurance restrictions.

Curious to learn more? Check out: What Does Auto Insurance Not Cover

Agreed value insurance coverage guarantees you'll receive the full insured amount of your vehicle in the event of a covered total loss, with no depreciation and including all sales taxes.

An agreed value policy is essentially the same as a Guaranteed Value policy, which promises to pay out the full insured value of your classic car with no hassle. This is a big deal for classic car owners, who often have a deep emotional attachment to their vehicles and want to ensure they're protected.

Discover more: Self Insured Medical Plan

In contrast, a stated value policy gives the insurer the right to pay you either your vehicle's depreciated cash value amount or the cost to replace your vehicle – and they'll choose the lower of the two amounts. This means you might not get the full value of your vehicle if it's totaled.

Guaranteed Value coverage for your classic car is a great option because it ensures you receive every cent of your classic car's insured value in the event of a total loss. No depreciation, no messing around, no hassle.

Hagerty offers a wide range of coverage options and add-ons to fit your classic car's unique needs. With several types of add-ons to choose from, you can customize your policy to suit your ride.

One notable benefit is the full guaranteed replacement option, which allows you to name the agreed value to insure your car and guarantees that amount if your car needs to be replaced. This gives you peace of mind knowing your investment is protected.

Some other add-ons include coverage for vehicle under construction, car tools, and spare parts. Hagerty also offers a legendary ride package that includes coverage for trip interruptions, spare parts, tools, personal belongings, valuable papers, and branded merchandise, as well as $10,000 for accidental death or dismemberment per accident, including $500 for pets.

Here are some of the add-ons and benefits Hagerty offers:

For collectors, Hagerty also offers event and collectors add-ons, such as trip interruption, auto show medical reimbursement, and auto show medical reimbursement. These add-ons can provide extra protection and peace of mind for your classic car and its related expenses.

Expand your knowledge: Does Insurance Cover Medical Mar

One of the standout features of this product is the sheer number of high customer ratings it boasts. Thousands of customers have given it a thumbs up, which speaks to its reliability and effectiveness.

You'll also be impressed by the wide range of coverage options available, with over 16 different choices to suit your needs. This is significantly more than what many competitors offer.

Free perks like spare parts coverage are just the icing on the cake. This can be a huge cost-saver in the long run, especially if you're prone to accidents or need to replace parts frequently.

Another major advantage is that there are no mileage restrictions, which means you can use the product without worrying about incurring additional fees or penalties.

Hagerty offers a wide range of coverage options to fit your needs. With several types of add-ons, you can customize your policy to ensure your ride is fully protected.

If your car needs to be replaced, Hagerty's full guaranteed replacement coverage will pay out the agreed value. You can name the amount you want to insure your car for, and Hagerty will guarantee that amount if your car needs to be replaced.

Hagerty's vehicle under construction coverage helps factor in your car's increasing value as you restore it. This means you can get coverage for the car's value even before it's fully restored.

Take a look at this: Does My Insurance Cover Zepbound for Weight Loss

Protecting your expensive tools is also a must. Hagerty's car tools coverage can help you get compensation for any tools you need to keep your car in top shape.

If you're a collector, you might want to consider Hagerty's legendary ride package. This package includes coverage for trip interruptions, spare parts, tools, personal belongings, valuable papers, and branded merchandise. It also provides $10,000 for accidental death or dismemberment per accident, including $500 for pets.

If you're a DIY enthusiast, you'll love Hagerty's do-it-yourself repairs option. Hagerty stays flexible when paying out claims, letting you choose the repair shop or even paying you to make repairs yourself.

Hagerty also offers in-house parts specialists to help you find hard-to-find parts. Their staff is trained to hunt down the parts you need, so you don't have to waste time searching for them.

Here are some of the add-ons Hagerty offers:

If you're planning a trip to an auto show, you might want to consider Hagerty's trip interruption coverage. This coverage can pay up to $1,500 for lodging, a rental car, and canceled event expenses if your car breaks down or you can't take it to a show.

Hagerty's auto show medical reimbursement coverage can provide up to $10,000 in medical coverage if you or your family suffers injuries during an auto show.

If you have other collector items that come with your car, such as trophies or racing gear, Hagerty's automobilia coverage can help protect them.

Hagerty's claims adjusters are trained in classic car repairs, which means they can anticipate your needs throughout the claims process. This can make the claims process much smoother and less stressful.

Recommended read: Do I Need Medical Payments Coverage on My Motorcycle Insurance