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Now the broader classic car market, one of the largest alternative asset markets in the world, is still a little soft, Hagerty said. This follows a 3% decline in sales during Monterey Car Week ...
Hagerty was launched in 1984 by Frank and Louise Hagerty after they could not find good insurance coverage for their wooden boats. The company initially focused on providing coverage for antique boats, and later expanded into cars and other vehicles. [6] In 1991, the company added coverage for classic cars. [7]
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That same year, Hagerty finished a three-year restoration of his first car with his father – a 1967 Porsche 911S. [4] Hagerty started the restoration at the age of 13 with $500 in lawn mowing money that he had saved. [5] At the age of 18, Hagerty earned his insurance license and was selling marine craft policies. [6]
Festival of the Unexceptional: A Concours de l'Ordinaire The 2018 Festival of the Unexceptional at Stowe School in Buckinghamshire. The Festival of the Unexceptional is a Concours d'Elegance-style car show held in England, featuring classic cars from the 1960s, 1970s, 1980s and 1990s that were considered ordinary when new, but are now quite rare.
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Vehicle insurance (also known as car insurance, motor insurance, or auto insurance) is insurance for cars, trucks, motorcycles, and other road vehicles. Its primary use is to provide financial protection against physical damage or bodily injury resulting from traffic collisions and against liability that could also arise from incidents in a ...
This coverage, however, cannot apply to rental cars because the insurance company does not want to assume responsibility for a claim greater than the value of the insured's vehicle, assuming that a rental car may be worth more than the insured's vehicle. Most rental car companies offer insurance to cover damage to the rental vehicle.