In 1983, Frank and Louise Hagerty realized that appropriate insurance coverage for their collector wooden boats didn’t exist. So — armed with years of general-lines insurance experience — the Hagerty’s launched a revolutionary agreed value policy for collector boats. Within a few years, half of the vintage boat owners in the country were Hagerty clients.
In 1991, Hagerty created a similar product for collector cars. And in 1995 two of Frank and Louise’s three children, Kim and McKeel, came home to run the family business – despite their vows to never make a career of insurance! Together they’ve overseen the company’s tremendous growth, which has been supported by a great product, exceptional client service, cutting-edge technology, creative marketing and, of course, intelligent, forward-thinking and hard-working employees. In 25 years, Hagerty has grown from a small agency headquartered in the Hagerty family basement to the leading provider of collector car and boat insurance in the world!
Qualifications for Hagerty’s insurance programs:
Hagerty provides coverage for collector vehicles that are used on a limited basis — e.g. club functions, exhibitions, organized meets, tours and limited pleasure driving.
Collector vehicles must be stored in an enclosed and secure structure when not in use. Qualifying storage locations include private residential garages, private pole buildings or barns and rental storage units.
Driver eligibility and driving history
Generally, one or two minor traffic violations or accidents are acceptable. We are not able to offer coverage to drivers with a serious infraction within the past 5 years, such as an alcohol-related offense, reckless driving or an excessive speed violation.* All household driving records are subject to review by an underwriter.
All household members with a valid driver’s license must have a regular-use vehicle for daily driving. Motorcycles and public transportation are not considered regular use vehicles for our program. Applicants must also maintain regular-use insurance in his or her own name.
Hagerty offers full coverage for many types of collector vehicles.