Hagerty is the world’s leading provider of agreed value classic boat insurance. We’ll give your clients peace of mind that their boats are protected so they can enjoy the open water without worry.
Hagerty provides insurance for many different types of boats, ranging from wooden boats to classic fiberglass boats. So, how do you know if your client's boat qualifies for coverage through Hagerty?
Agreed Value – If your clients suffer a covered total loss, they receive the full agreed value the boat is insured for*.
Low Premiums – We provide your clients with coverage geared specifically to classic boats and the way they use them.
Club Discounts – Members of most established collector boat clubs enjoy a discount.
Unlimited Pleasure Usage – We want your clients to enjoy their boats, so we provide unlimited coverage for U.S. and Canadian Territorial Waters**.
In-House Claims Service – You and your clients receive personal and direct service by people who know classic boats.
Unlimited Land Transportation – Wherever your clients' boats go, Hagerty goes with them.
Restoration Coverage – Whether your client is restoring the craft himself or using a professional facility, the Hagerty Port Risk policy can assure coverage for fire, theft, vandalism and overland transportation.
*Any salvage value if boat is retained by your client will be subtracted from the total amount paid.
**This is recognized as 12 miles offshore.
Please Note: Hagerty differs from standard insurance in that we don't have a price for every single situation. We determine eligibility for our program after evaluating the accumulation of all the risk exposures related to our guidelines. If your client’s boat doesn’t fit these guidelines, we might still be able to assist you in finding coverage. Please call 866-922-9403.
Boating Experience – Hagerty requires that the owner have a minimum of three years operating experience with a boat of comparable size and type.
Prior Boating Losses – Not more than one prior boating loss in three years.
Automobile Driving Record – all operators must have five or more years of driving experience and not more than two minor violations in three years; no major violations in five years.
Partnerships – limited to a maximum of two owners. It is permissible to write coverage in the name of an LLC or DBA provided: it is a personal entity for tax purposes; the insured is the principal operator; and the boat is used only for private pleasure purposes.
Live-Aboards – If Hagerty does accommodate a live-aboard situation, the owner must have a minimum of five years of experience living aboard another boat of similar size and type.
Absentee Owners – for vessels kept afloat, the policy address must be within the same state or 150 miles of the boat location address.
Photos - current, good quality and clear photographs are required for all boats. Photos should include all sides of the boat, the interior and the engine.
Application – Hagerty will provide you with an application that must be completed and signed by both you and your client.
Appraisal – only required for boats where the requested value is out of sync with current market value.
Payments - Hagerty accepts all major credit cards or ACH payments over the phone.