‘Drive Away’ program will provide 5 days of coverage so new owners can drive auction purchases home
Hagerty UK, the British branch of the American collector car insurance, valuation and lifestyle company, has announced a partnership with auction house Bonhams to provide valuation and insurance services for Bonhams and Bonhams MPH sales.
“Successful bidders at Bonhams MPH Auctions will be able to take advantage of free, 5-day ‘Drive Away’ insurance enabling them to legally drive home immediately after the auction closes,” Hagerty UK said in its announcement.
“This eliminates the need to arrange transport and enables car owners to fuel their passion for a new car immediately after the sale has ended.”
Hagerty also will provide free valuations to collector car owners who visit Bicester Heritage, where Bonhams new MPH division has its headquarters. Bonhams MPH was created to source and sell “modern, affordable and popular classic cars, providing strong synergy with Hagerty’s own client base,” Hagerty UK said.
Under the “Drive Away” insurance program, the first five days of coverage is free “with the buyer having the option (but no obligation) to move into a full Hagerty policy after this period.”
However, cars must be fully road legal, with current MOT (if applicable), to benefit from this service, Hagerty added.
Not only will Hagerty provide valuation services at Bicester Heritage, but also at Goodwood and Beaulieu when Bonhams is staging auctions at those venues.
“Partnering with Bonhams is something we are immensely proud of,” Marcus Atkinson, managing director of Hagerty UK was quoted in the news release. “Both brands are well-known by enthusiasts and both keep the finest cars in the world on the road.
“To enable excited new buyers the opportunity to drive home in their newly purchased classic, or to understand the true market value of a classic they already own, provides an invaluable service to the car community across all spectrums and we look forward to starting our collaboration at the Goodwood Revival.”
“We are delighted,” added Tim Schofield, head of Bonhams UK Collectors’ Motor Cars division. “Having their representatives at our sales will facilitate setting up new policies for buyers, enhancing the process of buying a motor car from a Bonhams sale and we look forward to working together on further initiatives to benefit our clients.”
The announcement comes just days after Hagerty announced in the U.S. that it had purchased the Greenwich Concours d’Elegance and also was now in charge of the historic Madison Avenue Sports Car Driving & Chowder Society, a monthly gathering in New York City that dates from 1957.