Barrett-Jackson announced a five-year renewal of its on-site collector car insurance program.

Officials recapped Barrett-Jackson Endorsed Collector Car Insurance was introduced in 2009 in collaboration with the private client group division of American International Group Inc., (AIG), and is serviced by TDC Risk Management, an independent insurance agency.

Barrett-Jackson highlighted that auto enthusiasts across the country have taken advantage of the program since its inception.

The auction company explained the coverage, underwritten by the AIG member companies, was specially designed and priced for classic, antique, exotic, special interest, or limited-edition cars. It can provide customers with market appreciation coverage that can pay up to an additional 50 percent above the agreed value pricing, as well as diminution in value coverage for partial loss claims.

Claims are handled by individuals with expertise in the special requirements of restoring collector vehicles.

“AIG Private Client Group has enjoyed the privilege of partnering with the Barrett-Jackson team for several years now,” said Jerry Hourihan, president of AIG Private Client Group – U.S. and Canada.

“Thousands of Barrett-Jackson customers enjoy the broadest coverage, world class claims service and access to lifestyle-protecting AIG Private Client Group products,” Hourihan continued.

While auction attendees have on-site access to these insurance solutions, the program extends to vehicles that were purchased elsewhere. TDC Risk Management advisors also can assist Barrett-Jackson enthusiasts with their full range of personal insurance needs, such as homeowners or excess liability protection.

“We’ve seen incredible success across the board with the Barrett-Jackson Endorsed Collector Car Insurance,” said Craig Jackson, chairman and chief executive officer of Barrett-Jackson.

“It’s important for collectors to work with an agent and provider that can address more than just the cars in our garages, but also our whole lifestyle. I value it, our customers value it and that’s why we have this service in place,” Jackson went on to say.

Barrett-Jackson Endorsed Collector Car Insurance representatives will be on hand at all auction events and can also be reached at any time through www.barrett-jackson.com.