Salvage Coverage | FerrariChat

Salvage Coverage

Discussion in '308/328' started by timr, Aug 17, 2020.

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  1. timr

    timr Formula Junior

    Sep 24, 2006
    274
    Seattle Washington
    Full Name:
    Tim
    FChat Community, is anyone putting the Hagerty Salvage Rights coverage on their policy?

    Thanks in advance for the input.

    Tim


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  2. Saabguy

    Saabguy Formula 3

    Mar 28, 2012
    1,785
    Shreveport, LA
    What is that and I don't think that I have.
     
  3. timr

    timr Formula Junior

    Sep 24, 2006
    274
    Seattle Washington
    Full Name:
    Tim
    Hagerty Cherished Salvage coverage:
    Some clients will do whatever it takes to keep their vehicle because of their emotional and/or financial investment. They may have purchased it new or inherited it, or own a vehicle of high value. That’s why Hagerty created Cherished Salvage[emoji2400] coverage, which allows your clients to retain their vehicle after a covered total loss.

    Coverage details:
    In the event of a covered total loss or constructive total loss, the insured retains salvage rights. The policyholder will be able to keep the vehicle and still receive the full Guaranteed Value[emoji2400].
    Additional cost of 15% of the vehicle’s Comprehensive and Collision premiums (if applicable).

    From their additional coverages page: https://www.hagertyagent.com/insurance/classic-car-insurance/additional-coverages


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  4. Saabguy

    Saabguy Formula 3

    Mar 28, 2012
    1,785
    Shreveport, LA
    Hmmm... interesting, thank you.
     

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