Easy add-ons for customizing collector car coverage

Who needs collector car policy endorsements?

Our cheeky answer? Everybody.

Or at least everyone with a collector car policy through Hagerty. As a company founded by enthusiasts, Hagerty designs coverages based on what car-lovers need and how they spend their money.

And spend they do. Three out of four survey respondents report spending money on their automotive hobby within the last year, with almost 30 percent investing more than $20K a year. The average car lover residing in Canada reports an annual household income over $125,000. <sup>1</sup>

What do they buy with all that cash? Cars and car stuff, naturally.

Almost all of them (96%) spend to restore or maintain their special vehicle(s). More than one-third told us they started or continued work on a major car restoration project just this year.<sup>1</sup>

47% spend their money on vehicle storage, while 46% shelled out for car club memberships.<sup>1</sup>

It gets even better. 40% dedicated their hobby spend to buying an enthusiast vehicle in 2021 — with the average member owning two collector vehicles. Nearly 30% actually own three or more cars!<sup>1</sup>

Our point is this — your clients have money dedicated to their collector cars and the automotive hobby. That means they’re passionate and invested – many quite literally – and willing to spend for proper coverage. It’s in their DNA.

So when clients show a need for special protection, remember we’ve got their backs. And yours.

Specialty add-ons for customizing coverage

When we say specialized coverage, we mean it.

As enthusiasts ourselves, Hagerty prides itself on offering the most personalized policies available for classic and collector car enthusiasts. These unique add-ons and endorsements will help you satisfy almost any car-loving client:

  • Cherished Salvage® helps customers honor the vehicles they love

    No one wants to consider it, but what happens to the car if the worst happens? Will they want the opportunity to restore it? Or keep it in the family for the next generation to rebuild? In the event of a total loss, a Cherished Salvage® endorsement allows customers to keep their vehicle and still receive its full Guaranteed Value™ (minus any deductible) with no deduction for salvage.^ Client cost is just 15% of the vehicle’s physical damage premiums.*

  • Vehicle Under Construction protects restoration time and money

    Yes, you can offer protection for clients actively building or restoring a special vehicle. At just $25 per vehicle, annually,* Vehicle Under Construction coverage includes automatic quarterly value increases to upshift the car’s value by 10% each quarter.*

    Tools are covered, too.

    Remember all those enthusiasts willing to spend big on their project cars? This is the perfect endorsement to their Guaranteed Value™ policy.

  • Evacuation Expense coverage helps clients get out safely

    Help them get out safely! For just $5 extra per covered vehicle,* Hagerty covers half the cost of any reasonable expense your client incurs when moving a vehicle out of an area experiencing emergency conditions.**

    Pro-tip: add Evacuation Expense coverage now, before a flood or fire hits to provide coverage up to $250 (per vehicle, per occurrence).


There’s truly a coverage endorsement for every client Check out our full suite of available endorsements here. Odds are there’s a coverage for every client in your book. And how about an endorsement for our endorsements? Take it from a Hagerty member with a recent Cherished Salvage experience:

“When people have an investment in an automobile, there is a lot of money, time and preciousness involved (especially if they built it). It often means a lot to them to have an insurance agency that will stand by their side and make sure that they’re covered – without grief and without agony. That’s why I highly recommend Hagerty to anybody who has a collectible automobile.”

Sincerely yours,

Jimmy Goble

Contact us with your endorsement questions

Most enthusiasts consider their cars to be one-of-a-kind. At Hagerty, we deliver insurance solutions just as unique. Writing with Hagerty lets you custom-tailor collector policies with endorsements fitting any client’s automotive lifestyle.

Quote and client manage policies through the Hagerty Broker Business Center. Find one-pagers on Cherished Salvage, and other helpful marketing tools on our Broker Resources page. You can also call us at 888-349-7834 or email auto@hagerty.ca for information on policy endorsements. We’re here to help.

1 2022 Hagerty Enthusiast Report.

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

*Rates/premiums subject to change.

**Hagerty pays up to $250 per vehicle, per occurrence, with an annual cap of $1,000 per vehicle.

+ Maximum increase of $25,000 per policy period. Value will return to original Guaranteed Value (AB: Agreed Value) at renewal, unless you request a value increase, and Hagerty agrees.

^Less any deductible. Guaranteed Value includes all taxes and fees unless prohibited by state law.

Hagerty, Cherished Salvage & Guaranteed Value 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. Hagerty Canada, LLC policies are underwritten by Elite Insurance Company, a subsidiary of Aviva Canada Inc. Hagerty determines final risk acceptance.