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I suspect it's a good business to be in. As the valuations increase the insured tends to take less risk with the vehicle meaning fewer claims but higher premiums for the insurance company. If you have a $650k 365 BB sitting along side your $100k 930 which one are you going to be more likely to run down to pick up a six pack with? Increasing valuations are good, just take the Hagerty valuations with a grain of salt.
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