The Hanover and Hagerty Team Up for New Collector Car Insurance
The Hanover Insurance Group has partnered with Hagerty, a specialist in the collector vehicle insurance sector, to launch a new insurance product called Hanover Collector Car. This offering leverages Hagerty's specialized knowledge in collector vehicle claims and valuation, combined with The Hanover's robust account protection, to provide comprehensive coverage tailored specifically for classic and collector vehicles. The collaboration aims to enhance service and coverage options for classic and antique auto enthusiasts, collector pickup trucks, jeeps, SUVs, limited edition vehicles, and modified cars and replicas.
Hanover Collector Car includes unique policy features such as Cherished Salvage, which allows owners to retain their vehicle post-total loss while still receiving the full insured value. It also offers blanket personal property coverage for vehicle-related items and a Vehicle Under Construction option that increases the insured value progressively during restoration. Initially available in Michigan and Illinois, The Hanover plans to expand this product to additional states, promising a blend of expert-driven claims service and extensive protection for valued collector items.