Do you offer agreed value coverage for classic cars?

Hagerty Classic Car Insurance is known for offering agreed value coverage specifically designed for classic and collectible vehicles. This type of coverage ensures that the owner and Hagerty agree on the value of the vehicle at the time the policy is issued. In the unfortunate event of a total loss, such as theft or a serious accident, the owner receives the agreed-upon amount rather than the depreciated market value. This is particularly beneficial for classic car enthusiasts, as many vintage vehicles appreciate in value over time and may not be accurately reflected by standard insurance policies. It is advisable for car owners to provide detailed documentation of their vehicle's value, including appraisals or restoration receipts, to help establish the agreed value at the outset of the policy. For the most accurate and up-to-date information regarding their specific offerings and terms, it would be beneficial to refer to the current Hagerty website.