Additional coverages
Cherished Salvage® coverage

In the unfortunate event of a covered total loss, your client keeps their vehicle and still receive its full Guaranteed ValueTM.*

A man and his son pop up the hood of an orange Chevrolet Camaro to inspect the damage.

Your client’s vehicles are more than collectible, they’re irreplaceable.

Hagerty understands that collector vehicles are more than an investment — they are filled with years of love, work, memories and stories that can’t be replaced. Collectible insurance through Hagerty is the only coverage that offers Cherished Salvage**, meaning:

  • Your clients can retain salvage of their vehicle in the event of a covered total loss
  • No salvage value will be deducted from their final payment if they choose to retain their vehicle
  • Your client still receives the vehicle’s Guaranteed Value
  • The cost is 15% of the vehicle’s physical damage premiums**

Just check out a few recent client stories:

“My ’76 Corvette was totaled after being smoke damaged, I didn’t want to start over with a new car. I put a lot of sweat and blood into this one. What’s more, I knew I could do the repairs myself — and because I had Cherished Salvage coverage, I was able to keep the car and get to work.”

Paul

“Early F150s loaded with all the options are rare, and I’d finally found one. When it was hit, I knew it was too invaluable to give up. Cherished Salvage allowed me to keep the truck, which I lovingly donated to a friend to rebuild.”

Thomas

Get coverage that works for your customer
Keep your customer's vehicle and still get its guaranteed value in the event of a covered total loss.

*In the event of a covered total loss, Guaranteed Value coverage ensures your client receives every cent of their car’s insured value, less any deductibles and/or salvage value if retained (BC, MB & SK: and after settlement with government policy). AB & QC: Agreed value applies under the Guaranteed Value Plus Endorsement.

**Submit claim under any government policy first and then our policy immediately after. Premium subject to change; may include DCPD/BVDC, if applicable.

Policies are underwritten by Elite Insurance Company. Some coverage not available in all provinces. This is a general description of coverage. All coverage subject to policy provisions, exclusions, and endorsements. Hagerty determines final risk acceptance. Cherished Salvage, Guaranteed Value & Hagerty are registered trademarks of the Hagerty Group LLC, 2024 The Hagerty Group, LLC. All Rights Reserved. The Hagerty Group, LLC is a wholly owned subsidiary of Hagerty, Inc.