What Retail Value Protector GAP Insurance (RVP) Covers.
Retail Value Protector GAP Insurance (RVP) pays the difference between the retail value of your car when you purchase the policy and the retail value of your car on the date it becomes a total loss - the value lost in depreciation.
Get back the retail value today - not the loss value
When your motor insurer declares your car to be a "total loss" through theft, vandalism or accident, it's really important to understand they typically will only pay what they estimate your car is worth at the date of loss - not the retail value today.
Now the good news! When this happens Retail Value Protector GAP Insurance (RVP) will pay the depreciation, the difference between the retail value today and retail value at time of total loss - it's that simple! By using the same robust valuation system at purchase and loss, our policy holders are assured of receiving the true depreciation. Policy benefit is paid directly to our policy holder.
What is a total loss?
Total Loss (or write off). If your car is involved in an accident and it's unsafe to repair; the cost of repair is greater than the value on the date of the accident; when your car has been stolen and not recovered, and a total loss payment has been made by the motor insurer.
When Retail Value Protector GAP Insurance (RVP) can be purchased
There is no restriction. Retail Value Protector GAP Insurance (RVP) can be purchased no matter how long you've owned your car, whether you purchased your car from a private seller, car dealer, paid cash, bank loan, motor finance or on any kind of contract hire or leasing agreement.
Superior protection for new and used cars alike
Whether your car is brand new or up to 7 years old, Retail Value Protector GAP Insurance (RVP) offers the same outstanding level of cover.
FREE Retail Valuation with every quote.
Have you noticed how most GAP Insurance providers expect you to calculate and supply the value of your car - then they override it with ambiguous and confusing restrictions buried in the terms and conditions?
Not so with Retail Value Protector GAP Insurance (RVP), when you take out our cover you know exactly what you're buying - and we don't expect you to be the expert, that's our job! A FREE retail valuation of your car is provided with every quote. This is supplied by the trusted independent third party valuation service CDL VIS Vehicle Information Services, relied on by many of the UK's leading brands, including Tesco, Moneysupermarket, Go-Compare, Swiftcover.com and Compare the Market, to provide accurate unbiased valuations. All CDL VIS used valuation data is based on actual sale evidence combined with anecdotal industry feedback.
Four year policy with low annual premiums.
We don't ask you to buy cover you may not need, pay for four years cover and then lose out if you sell your car after two years. Your Retail Value Protector GAP Insurance (RVP) policy will run for a maximum term of four years, without you having to pay a high "up-front" premium that offers no refund if you sell your car.
Instead, a low annual premium will be collected from your original payment card. If you sell your car, or change your mind, you simply cancel without penalty and no further premium will be due!
Automatically continuing with your policy.
We will continue to take payment annually from your original payment card unless you tell us to stop. Each year we will contact you by e-mail to let you know the annual payment is due. On receipt of payment you will continue to benefit from the protection of the policy without interruption.
Cancel without penalty
With Retail Value Protector GAP Insurance (RVP) you're under no obligation to pay for a four year policy if you change your mind or sell your car. If you keep up the annual payment, your cover will continue for up to 4 years. But you're free to cancel at any time without penalty and no further premium or benefit will be due. If you can cancel within 14 days of purchase we will refund the premium in full.
We pay all the depreciation every time, no claim limit*!
Your Retail Value Protector GAP Insurance (RVP) pays the difference, in full, between the retail value of your car when you take out a policy and the retail value of your car on the date it becomes a total loss - the value lost in depreciation in full!
*A claim limit may apply to complimentary offers where no premium is due, please refer to policy schedule.
Avoid losing thousands in depreciation
It is a fact that depreciation is the biggest motoring expense. Whether your car is brand new or used, every month the value will fall. Typically motor insurance does not pay the depreciation. That is exactly what Retail Value Protector GAP Insurance (RVP) does - pays the difference between the Retail Value at policy start and the Retail Value on date of loss.
Clear Benefits, Valuable Protection?
- Guaranteed retail value from policy start
- We pay all the depreciation every time, no claim limit!*
*A claim limit may apply to complimentary offers where no premium is due, please refer to policy schedule.
- Four year policy, premium payable annually
- Cancel anytime without penalty
