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Hagerty launches specialist UK motorsport insurance products

  • Hagerty launches specialist UK motorsport products in partnership with Gullwing Racing Insurance
  • New partnership creates the first Hagerty policies dedicated to motorsport in the UK
  • Available cover comprises on and off track, track day and liability insurances
  • Specialist motorsport team created at Hagerty International HQ to offer bespoke service to clients

Northamptonshire: 25th March 2022

Hagerty International launches its first dedicated UK motorsport insurance products, working in partnership with Gullwing Racing Insurance.

Established in 1997, Gullwing Insurance has proven itself on European racetracks as a leading partner for racing drivers, teams, and organisations making them the perfect partner for leading automotive brand Hagerty.

Hagerty’s new on-track insurance product has been designed to offer the highest levels of cover for amateur and professional motorsport activities, providing the ultimate peace of mind for teams and drivers who prefer to focus on racing.

Highly sought-after track day cover is available for both road registered and competition vehicles whilst driving solo on a track day or receiving professional tuition. A must for any driver who enjoys regular track days in a cherished vehicle.

Liability product indemnifies teams and drivers in respect of legal liability for death or injury to third parties, or damage to third party property following an accident, while off track insurance is designed to provide accidental damage, fire, and theft cover for cars and kit whilst in storage, or in transit.

Hagerty has created a specialist motorsport team at its UK headquarters to look after specific client needs. A dedicated email address and phoneline – 0333 200 5139 – has also been launched. Hagerty motorsport policies are available with immediate effect.

Mark Roper, Managing Director of Hagerty International, said “Many of our clients enjoy participating in motorsport using classic and collectible vehicles, ranging from club-level trackdays to organised classic racing events such as Goodwood Revival. Hagerty has taken time to find the right partner for our motorsport product and is proud to be working with Gullwing. As a result, we know our clients will enjoy our new range of products, and our specialist team is ready and waiting to discuss their individual needs.”

Contact Hagerty UK: 0333 200 5139

Email: motorsports@hagerty.com

ENDS

Forward Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect Hagerty’s current intentions, expectations, or beliefs regarding its business. These statements may be preceded by, followed by or include the words “aim,” “anticipate,” “believe,” “estimate,” “expect,” “forecast,” “intend,” “likely,” “outlook,” “plan,” “potential,” “project,” “projection,” “seek,” “can,” “could,” “may,” “should,” “would,” “will,” the negatives thereof and other words and terms of similar meaning. Forward-looking statements include all statements that are not historical facts. Such forward-looking statements are subject to various risks and uncertainties. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. Factors that may cause our actual decisions or results to differ materially from those contemplated by these forward-looking statements include: (i) Hagerty’s ability to recognize the anticipated benefits of the subject of this release, which may be affected by, among other things, competition and the ability of Hagerty to grow and management growth profitability; (ii) the future financial performance of Hagerty; (iii) new entrants into the market or current competitors of Hagerty developing preferred offerings; (iv) the loss of one or more of Hagerty’s distribution partners; (v) Hagerty’s inability to prevent, monitor, or detect fraudulent activity, including transactions with insurance policies or payments of claims; (vi) Hagerty’s ability to attract and retain members; (vii) Hagerty’s ability to prevent cyberattacks or breaches of data security; (viii) regulatory changes affecting Hagerty; (ix) unexpected increases in the frequency or severity of insurance claims against Hagerty; and other risks and uncertainties listed in Hagerty’s Form S-1 filed with the U.S. Securities and Exchange Commission on December 21, 2021. There is no assurance that any forward-looking statements will materialize. You are cautioned not to place undue reliance on forward-looking statements, which reflect expectations only as of this date. Hagerty does not undertake any obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments, or otherwise, except as required by law.

Any forward-looking statement speaks only at the date on which it is made, and Hagerty does not undertake any obligation to update forward-looking statements to reflect events or circumstances after the date they were made, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.

Editors Notes

About Hagerty, Inc. (NYSE: HGTY)

Hagerty Headquarters is based in Traverse City, Michigan. Hagerty’s purpose is to save driving and preserve car culture for future generations and its mission is to build a global business to fund that purpose. Hagerty is an automotive enthusiast brand offering integrated membership products and programs as well as a specialty insurance provider focused on the global automotive enthusiast market. Hagerty is home to Hagerty Drivers Club, Hagerty DriveShare, Hagerty Valuation Tools, Hagerty Media, Hagerty Drivers Club magazine, MotorsportReg, Hagerty Garage + Social, the Amelia Concours d’Elegance, the Concours d’Elegance of America, the Greenwich Concours d’Elegance, the California Mille, Motorworks Revival and more.

For more information, call 0333 323 0989 or visit www.hagerty.co.uk

Media enquiries: media@tonic-collective.com

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