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Hagerty Introduces Complimentary Severe Weather Storage Service for Florida Members

1. Hagerty launched a storage service for classic vehicles during severe weather. 2. Service offers five days of secure storage at no extra cost for members. 3. Hagerty aims to protect vehicles from storm damage, with over 90% interest shown. 4. Available in Tampa and Miami, powered by Way's digital platform. 5. Vehicle storage will help members avoid storm damage, enhancing member value.

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FAQ

Why Bullish?

Hagerty's new service likely increases membership appeal, potentially boosting revenue.

How important is it?

The storage service enhances member satisfaction; strong customer response increases potential revenue.

Why Short Term?

Initial rollout in Florida amidst hurricane season could yield immediate interest and sign-ups.

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Hagerty Safe Storage Concierge provides parking garage storage for classic and enthusiast vehicles , /PRNewswire/ -- Hagerty members love their classic and enthusiast vehicles, but when severe weather threatens there is often not enough time to arrange for safe, secure parking before water, wind and debris do their damage.Hagerty, in partnership with Way, has launched Hagerty Safe Storage Concierge, which will provide five days of secure, enclosed storage above the estimated surge line during severe weather. There is no additional charge for Hagerty insured members.   Hagerty Introduces Complimentary Severe Weather Storage Service for Florida Members "After they take care of their families and homes, the next big thing people want to protect during severe weather is the special vehicle that means so much to them," said Jeff Briglia, President of Insurance at Hagerty. "Hagerty is excited to have a solution for our members during a stressful time."  The service will initially be available in the Tampa and Miami metropolitan areas. Through email alerts, members will be notified of incoming severe weather and can bring their insured collector vehicles to participating garages. Parking is available on a first-come, first-served basis, and members may continue to store their vehicles beyond five days at their own cost.The experience is powered by Way's digital platform, enabling seamless reservation, access and check-out for participating garages.The first of its kind program is driven by customer input, Briglia said, with more than 90 percent of those surveyed expressing interest in using it. Interestingly, 75 percent of respondents said they have personally experienced a hurricane or tropical storm. The majority indicated they would evacuate their vehicles for a Category 3 hurricane or stronger."We understand that a car is often more than just transportation," says Aman Chheda, Vice President of Parking at Way. "That's why we're excited to partner with Hagerty to give Florida car owners a safe, stress-free solution during the uncertainty of severe weather. By using Way's platform, Hagerty is able to help their members avoid millions of dollars in potential storm damage by providing them with a safe place to store their vehicles. It's all about giving people peace of mind when they need it most."Hagerty Safe Storage Concierge is available at no additional cost to Hagerty members with Florida insurance policies underwritten by Essentia Insurance Company. This service is currently offered as a pilot program in Florida and is not a reimbursable insurance benefit. Hagerty members in Florida already benefit from evacuation expense coverage and may use it in conjunction with Hagerty Safe Storage Concierge, for example, to cover the cost of towing their vehicle to a designated garage. Using Hagerty Safe Storage Concierge does not count as a claim or affect a customer's policy.To learn more about the program and eligibility, hurricane.way.com/hagerty/faqAbout Hagerty (NYSE: HGTY) Hagerty is an automotive enthusiast brand committed to saving driving and to fueling car culture for future generations. The company is a leading provider of specialty vehicle insurance, expert car valuation data and insights, live and digital car auction services, immersive events and automotive entertainment custom made for the 67 million Americans who self-describe as car enthusiasts. Hagerty also operates in Canada and the U.K. and is home to Hagerty Drivers Club, a community of over 900,000 who can't get enough of cars. For more information, please visit www.hagerty.com or connect with us on Facebook, Instagram, Twitter and LinkedIn. More information can be found at newsroom.hagerty.com.About Way.comWay.com is the leading FinTech platform for car ownership, trusted by over 9 million drivers across the U.S. As the #1 car services platform, Way delivers a seamless, tech-powered experience and enables consumers to protect their vehicles and finances with cashback and savings—bringing true peace of mind to every stage of car ownership. We proudly partner with a wide range of industries—from finance and automotive to insurance sectors—including credit unions, banks, FinTech companies, F&I distributors, OEMs, digital disruptors, insurance companies, parking operators, roadside providers, car washes, and auto repair shops. Together, we create new revenue streams, expand market reach, and deliver exceptional value to today's connected car owner. More information can be found at newsroom.hagerty.com.SOURCE Hagerty WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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