Guess It
________________ provides physical damage coverage for valuable automotive collectible items and treats these as “art”. Members must have an automobile policy with us to take advantage of this coverage.
Automobilia
We cannot add MAE (Motorsports Advantage Endorsement) to an insured vehicle if there is no racing usage.
False- MAE can be added to ANY vehicle.
Iona Corolla just inherited his late father’s estate which includes various properties, a collection of racing equipment, and his mother’s collection of jewelry. At one of these properties, there are a few vintage gas pumps and a collection of signed racing helmets. What additional coverage should you recommend and what does that sound like?
*Answers can vary*
Automobilia - “I really want to recommend our Automobilia coverage to you. All of those helmets and pumps that you’d found in your dad’s garage can be covered in case there is any physical damage to those collectible items”).
A member calls in to add their 5th newly restored Kharman Ghia and you recommend our Legendary Ride Endorsement. Do we have enough information to confidently offer this product or what question might we need to ask to better offer this coverage?
We have enough information to confidently recommend this product- The member likely has a need for additional spare parts and tools and clearly has an affinity for this make/model. This coverage should be recommended to any member who has an affinity for a particular make/model
Both Traveling Collector and Legendary Ride, members get an additional ____ in Spare Parts coverage.
$750
________________ is a coverage created to help protect members whose vehicle usage is for distant shows.
Traveling Collector
If a member is 25+ miles from their garaging address going to a show out of town, they can take advantage of our Traveling Collector coverage which will provide up to $1,500 of Trip Interruption coverage (Rental Cars, Repayment of expenses, food & lodging).
False- This is for when a member is traveling more than 50 miles from their garaging address.
Anita Rench is calling from Southpark, Colorado to check on her allotted MPY and make sure she is has enough mileage take her 1986 Chevrolet Corvette to a show in Springfield, Illinois this summer. What coverage should you recommend and what does that sound like?
*Answers can vary*
Traveling Collector- “I would highly recommend adding our Traveling Collector endorsement- this will provide you with some trip interruption coverage for your Corvette while your taking that road trip this summer”)
A member calls in to see if we can recommend a transport company to help transport their collection as they might be looking to temporarily relocate their vehicles because the weather has been crazy in their area, and you recommend our Evacuation Expense coverage. Do we have enough information to confidently offer this product or what question might we need to ask to better offer this coverage?
We need more questions- Ex. “Have there been a lot of storm warnings in your area lately?”
True or False: In all states other than New York, Cherished Salvage costs 15% of the policy’s combined comprehensive and collision premiums.
False- The coverage costs 9% of the policy’s comprehensive and collision premiums
________________ is a coverage designed for raced vehicles which includes additional coverage for spare parts, automotive tools, safety equipment, debris removal, and more.
Motorsports Advantage Endorsement
Automobilia can be added either with Scheduled Coverage or Blanket Coverage.
True. Scheduled coverage typically covers individual items, typically larger and more expensive items while Blanket Coverage is typically for many smaller items.
Cartha Stewart is transferred over to you to add Cherished Salvage to her 1986 Ford Bronco. She’s heartbroken as she recently lost her late mothers 1968 Kharman Ghia in the recent California wildfires and was unable to get salvage rights and doesn’t want that to happen again. What coverage should you recommend and what does that sound like?
*Answers can vary*
Evacuation Expense- “I also want to talk to you about our added Evacuation Expense coverage, because you’d lost that vehicle in a fire, Hagerty can actually provide you with some coverage to help evacuate your vehicles if there is ever another fire and you need to get your vehicle to a safe location”
The member takes his cars to shows and you recommend Traveling Collector. Do we have enough information to confidently offer this product or what question might we need to ask to better offer this coverage?
More questions needed- “Are these shows pretty local or do you find yourself traveling a little further out?”. We'd want to make sure they are 50+ miles away from the garaging address when they visit these shows.
For any Spare Parts or Automotive Tools to be covered they need to ___________.
Be stored in the home garage.
________________ is a coverage primarily designed for individuals with an affinity for a particular make/model and covers all vehicles on the policy. Think vehicle manufacturers with a loyal following of enthusiasts.
Legendary Ride
A member has 4 vehicles insured with Hagerty, 2 of which are Toyota Prius’ and they are looking to add a 3rd Prius. This member is a great candidate for our Legendary Ride Endorsement.
True- While a lot of enthusiasts might be loyal to vehicles like Mustangs, Camaros, or Porsches, this endorsement is available to anyone who is passionate about a particular brand.
Otto Mobile calls to add his 3rd 1966 Ford Bronco that he’d just finished restoring himself. What coverage should you recommend and what does that sound like?
*Answers can vary*
Legendary Ride- Because you have an affinity for these beautiful Bronco’s and because you’re doing all of this work yourself, I’ve added our Legendary Ride endorsement. This is going to give you extra spare parts coverage for any spare parts you have at home but will also cover and Ford branded merchandise you might have, and even those tools you are using to restore your collection.”
A member calls in to see if we insure anything other than automobiles and boats. You recommend our Automobilia coverage. Do we have enough information to confidently offer this product or what question might we need to ask to better offer this coverage?
More questions needed- Ex. “What else do you have there that you’re looking to potentially insure?”.
What is the value increase cap per year if a member takes advantage of our Vehicle Under Construction endorsement?
$25K per year. This resets at the end of the year if they don't issue an endorsement to increase the value!
________________ covers the members expenses while moving a covered vehicle from an area experiencing emergency conditions such as a named storm watch, a declared state of emergency, an announced evacuation, or imposed special curfew.
Evacuation Expense
A member is calling about adding our Evacuation Expense coverage to their California automobile policy, but their area is currently under suspension. In this case we are unable to add this coverage.
False- We can add Evacuation Expense during a suspension.
Steven Wheelberg calls in to add her Porsche 911 that she wants to try Autocross with. What coverage should you recommend and what does that sound like?
*Answers can vary*
Motorsports Advantage Endorsement- “I went ahead and added our MAE which I highly recommend if you plan to take your Porsche to the track, with it you’ll get additional coverage for any spare parts, safety equipment, any personal effects, and even coverage if you damage the track somehow”.
A member calls in to add their raced vehicle and you recommend our Motorsports Advantage Endorsement. Do we have enough information to confidently offer this product or what question might we need to ask to better offer this coverage?
We have enough information to confidently recommend this product- The member would likely benefit from additional coverage whether than is damage to the track, coverage for safety equipment, or personal effects. This coverage should be recommended to any vehicle that is taken to the track at least once
What is the title of the knowledge base article that is a one stop shop for anything related to additional coverages?
Additional Coverages/ Endorsements Procedure Map