How to: Add Cherished Salvage® to Online Quotes and Existing Policies

Cherished Salvage® is a unique coverage option and a great example of how insurance through Hagerty is designed specifically for collector cars and the people who love them. Read on to learn more about what Cherished Salvage covers and how to add it to your client’s policy—trust us; they’re going to want it. 

When it’s irreplaceable, there’s Cherished Salvage

At Hagerty, we know collector vehicles. These cars and trucks are loaded with love, memories, and unique stories that simply can’t be replaced.

That’s why Hagerty offers Cherished Salvage. With a Cherished Salvage policy endorsement, if the unthinkable happens (a covered total loss), clients have the option of retaining the salvage of their special vehicle and still receive its full Guaranteed Value®.* That means your client will get to keep their pride and joy, rebuild, and make even more memories with their special car. 

Cherished Salvage is a no-brainer coverage for any enthusiast vehicle—but especially for the vehicles that clients treat more like a family heirloom than a car.  Some common vehicles include: 

• Early-era Corvettes still driven, loved, and passed down from generation to generation.
• Retired farm trucks, like Ford F150s, that the kids and grandkids love to show off at summer parades.
• 60s-era Mustangs featured in the annual family portrait.
• Any rare or unique collector vehicle with meaningful value to your client.

Policy endorsements like these not only add value to your customer’s policy, but also demonstrate your expertise as an agent and your understanding of their passion.

Adding Cherished Salvage to new policy quotes

Once you’ve logged in to the Hagerty Agent Business Center, it takes just a few simple steps to add Cherished Salvage to a new policy quote:

1. Start your new quote and input the vehicle’s year, make, model, and estimated worth. If your customer isn’t sure of the vehicle’s value, you can leverage the built-in Hagerty Valuation Tools®.
2. Continue populating your client quote with vehicle ownership and usage information.
3. When you reach the Deductibles and Benefits screen, make sure to select the radio button for Yes, add the coverage beneath the Cherished Salvage subhead. You can also add other endorsements on this screen, including Vehicle Under Construction coverage.
4. Click Next to finalize your client’s vehicle and policy request information.
5. You should now see Cherished Salvage appear as “Elected” on the quote review screen. Click Continue to move ahead to the application portion of the request.

Watch this video to follow these steps in real time. Adding Cherished Salvage to existing client policies What about those polices already on your book? Adding Cherished Salvage to a current policy is just as easy:

1. Log in at hagertyagent.com and select the policy requesting the Cherished Salvage endorsement.
2. Click the Modify Policy button.
3. Select the “Coverages” check box and click the Get Started button.
4. Select the vehicle receiving the Cherished Salvage endorsement and click the View or Edit Details link to expand the coverage window.
5. Select the Yes, I would like this coverage check box. Here you can add additional endorsements, including Vehicle Under Construction, if your client is interested.
6. Once complete, click the Review button at the bottom of the screen.
7. Review the updated Summary of Policy Changes screen. If these details are accurate, click the blue Submit to Hagerty button at the page bottom.

Watch this video to see these instructions in action. Hagerty is here to lend a hand Coverage questions? Live chat with us at hagertyagent.com. We’re your classic car copilot and always ready to talk about Cherished Salvage and other collector car policy endorsements. We’re available seven days a week.