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
    271
    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
    Silver Subscribed

    Mar 28, 2012
    1,759
    Shreveport, LA
    What is that and I don't think that I have.
     
  3. timr

    timr Formula Junior

    Sep 24, 2006
    271
    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 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.
    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
    Silver Subscribed

    Mar 28, 2012
    1,759
    Shreveport, LA
    Hmmm... interesting, thank you.
     

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