Hagerty Introduces Complimentary Severe Weather Storage Service for Florida Members
Rhea-AI Summary
Hagerty (NYSE:HGTY) has launched Hagerty Safe Storage Concierge, a complimentary service offering secure parking garage storage for classic and enthusiast vehicles during severe weather events in Florida. The program, developed in partnership with Way, provides five days of enclosed storage above estimated surge lines in the Tampa and Miami metropolitan areas.
The service comes at no additional cost to Hagerty insured members with Florida policies. A survey revealed that 90% of customers expressed interest in the service, with 75% having experienced hurricanes or tropical storms. Members will receive email alerts about incoming severe weather and can access storage on a first-come, first-served basis, with the option to extend beyond five days at their own expense.
Positive
- Free service for existing Florida members with no impact on insurance claims
- Partnership with Way provides digital platform for seamless reservation and access
- Addresses clear market need with 90% customer interest and 75% having storm experience
- Helps prevent millions in potential storm damage to valuable classic cars
Negative
- Limited availability only in Tampa and Miami metropolitan areas
- Storage provided on first-come, first-served basis with no guaranteed space
- Initial pilot program status indicates potential limitations or future changes
News Market Reaction 1 Alert
On the day this news was published, HGTY gained 0.18%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Hagerty Safe Storage Concierge provides parking garage storage for classic and enthusiast vehicles
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.
"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
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
Hagerty Safe Storage Concierge is available at no additional cost to Hagerty members with
To learn more about the program and eligibility, hurricane.way.com/hagerty/faq
About 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
About Way.com
Way.com is the leading FinTech platform for car ownership, trusted by over 9 million drivers across the
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.
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SOURCE Hagerty