Additional coverages
Cherished Salvage® coverage
In the event of a covered total loss, keep your vehicle and still receive its Guaranteed Value®.*
With Hagerty, you can keep your car
Collectible vehicle insurance through Hagerty is the only coverage that offers Cherished Salvage, meaning:
- You can retain salvage of your vehicle in the event of a covered total loss
- No salvage value will be deducted from your final payment if you choose to retain your vehicle
- You still receive the vehicle’s Guaranteed Value
- The cost is 15% of the vehicle’s physical damage premiums
It’s more than collectible, it’s irreplaceable
At Hagerty, we know your collector vehicle is filled with years of love, work, memories and stories that can’t be replaced. That’s why if the worst happens—a total loss—we help you keep your car and still receive your full Guaranteed Value*.
Just check out a few recent client stories:
“My ’76 Corvette was totaled after being smoke damaged... I put a lot of sweat and blood into this (car). 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.”
“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.”
Get coverage that works for you
Let’s talk about additional coverages for your vehicle, tailored for car enthusiasts.
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*Cost of 15% of the vehicle’s comprehensive and collision premiums (if applicable) and is subject to change.
Cherished Salvage is a registered trademark of the Hagerty Group LLC, ©2024 The Hagerty Group, LLC. All Rights Reserved.
Policies underwritten by Essentia Insurance Company. Hagerty determines final risk acceptance. Some coverage not available in all states. This is a general description of coverage. All coverage is subject to policy provisions, exclusions and endorsements.