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RTV Gap Insurance


All you need to know about RTV GAP
Return to Value (RTV) Gap in brief

Ideal cover for cars owned for up to 7 years
Click4Gap Return to Value (RTV) is gap insurance applicable for cars owned for more than 3 months and less than 7 years. Whether you paid cash, took out a bank or motor loan or a Contract Hire Leasing agreement.

Added Protection
If you paid for your car using a bank or finance house loan, or if you leased a car or simply paid cash, Return to Value (RTV) Guaranteed Auto Protection provides protection against the depreciation of your car should your motor insurance company declare it a total loss (stolen, not recovered or damaged beyond economical or safe repair).

Reclaim the value of your car today
If your car is declared a "total loss", whether caused by vandalism, an accident or theft, typically the motor insurer pays just the loss value, their assessed value of your car when declared a total loss, and not what it is worth today.

If this happens, Click4Gap Return to Value (RTV) Insurance pays the depreciation, the discrepancy between the value of your car when you purchased RTV and the cars value if declared a total loss... it's that simple!

To ensure the benefit due to you is calculated accurately and impartially, like most responsible insurers Click4Gap accepts the independent third party valuation of Glass's, recognised by the insurance and motor industries as the leading valuation service for cars for almost 75 years.

Why is Return to Value (RTV) Insurance so valuable?

Despite the industry’s best efforts, it remains a fact that stolen cars are often never recovered. Hundreds of thousands of cars become a total loss each year.

  • Motor Insurers typically settle just the depreciated value, not the purchase value
  • Cars depreciate every day and the drop in value can be up to 35% in the first year.
  • A typical car can lose more than 60% of its value over a three year period
  • You pay the deprecation, not your motor insurer.
GAP Covers What Your Insurance Company Does Not

If your car is stolen and not recovered, your motor insurer will settle the claim as a total loss. If it is involved in an accident or vandalised, if the repair costs are greater than the value of your car, or it is unsafe to repair it, again your motor insurer will write the car off. In both cases, they will value the car on that date and typically the amount settled will not be what it is worth today. In other words, you will lose the amount the car has depreciated by.

Now for the good news, if your motor insurer does declare your car a total loss, Return to Value (RTV) Gap Insurance pays the depreciation your motor insurer didn’t, the amount between the vehicle value today and the value at time of loss (loss value)... it's that straightforward!

To certify the benefit is fairly and impartially calculated, motor insurers and the motor industry alike have recognised Glass's Guide as the leading car valuation service for almost 75 years. Therefore, like all responsible insurers Click4Gap trusts Glass’s independent accurate valuations.

How Is My Car Valued?

Fairly and impartially. Click4Gap, like most motor insurers and the motor industry, trusts the independent third party valuation of Glass's for accurate valuations.

The value of your car today is valuation provided by Glass's mid book for a car of the same make, specification, model, age, book mileage and condition on the inception date.

The value of your car at total loss is the greater of the insurer’s settlement or Glass's retail value for purchasing or replacing your car.

Features

Can be purchased up to 7 years after taking delivery
Refunds up to £25,000

Covers cars up to...

  • 80,000 miles at inception
  • £50,000 in value
  • 7 years old at inception
  • No age limit after inception

Available whether you paid by...

  • Motor loan
  • Bank loan
  • Personal Loan
  • Cash
  • Lease
  • Contract Hire
  • PCP
Benefits

Provides cover against financial loss if your car is stolen and not recovered, declared unsafe to repair, safe to repair but the cost is greater than the value; when your motor insurance company declares your car an insurance write-off/total loss.

  • Insurance backed FCA regulated protection
  • Refunds depreciation
  • Benefit paid directly to you
  • Can replace your car with one of similar value.
  • Protects your investment
  • Once on cover there is no mileage limit
  • Cover available for up to four years
  • Up to £25,000 claim limit available
  • Policy can be purchased up to 7 years after taking delivery of the car
  • 21 day no quibble money back guarantee. A policy can be cancelled for any reason within the first 21 days with full refund of premium.
  • The RTV Gap policy holder doesn't have to be the holder of the motor insurance policy or registered keeper, but they will need to be named as a driver in the policy.
  • We will transfer the cover to a replacement free of charge for 90 days.
  • Cover can be purchased for cars bought privately or from a non vat registered garage.
  • Your total loss is covered when it occurs within Great Britain, member countries of the European Community, the Isle of Man, Northern Ireland, Channel Islands, and any country where an international insurance green card is in effect for the car at date of loss
Example

Whether your car is involved in an accident, vandalised or stolen never to be seen again, whatever the cause of total loss your motor insurer will typically pay a settlement based on the value of your car at the time of loss, not what it is worth today!

But with a Return to Value (RTV) Gap Insurance policy, all is not lost. RTV Gap cover pays the depreciation, the difference between the loss value and the value today.


Value of your car today £6500
Value at time of loss £3600
Return to Value (RTV) Gap Insurance benefit £2900

Value of your car today £14500
Value at time of loss £9400
Return to Value (RTV) Gap Insurance benefit £5100

Value of your car today £22000
Value at time of loss £11700
Return to Value (RTV) Gap Insurance benefit £10300

The full benefit of Return to Value (RTV) Gap Cover is paid to YOU IN FULL!

How Is My Car Valued?

Like all responsible insurers Click4Gap undertake to recognise the independent third party valuation of Glass's for accurate valuations.

Click4Gap, like all responsible insurers, trust the independent accurate third party valuations of Glass's.

The purchase value of your car is provided by Glass’s mid book valuation for the same make, model specification level, age, book mileage and overall condition of your car on the inception date.

The value on date of loss is either the motor insurers settlement or, if greater, the retail Glass's value for purchasing or replacing the car.

RTV FAQ
 
Why customers choose CLICK4GAP
Why your premium is safe and claims honoured swiftly

Red Sands Insurance Company (Europe) Ltd., the insurer, is the specialist in UK motor related insurance products.

  • Your policy is protected by the Financial Services Compensation Scheme
  • Underwrite one of the UK's largest Mechanical Breakdown Insurance books
  • Member of A.B.I. (The Association of British Insurers)
  • Voluntary member of the Financial Ombudsman Scheme
  • European Regulated
  • Claims handled by Click4gap (regulated by the FCA Financial Conduct Authority)
Why we cost less

You're buying from the Insurer...

  • Our experience saves you money
  • No dealer add-ons
  • No broker commission
  • No salesman commission
  • No showroom overheads

The internet lowers costs...

  • High sales volume means lower prices with no loss in cover

Bypass the dealer, avoid the overheads, save £££

21 Day Money Back Guarantee

Your policy can be cancelled with full refund for up to 21 days – for any reason.

Transfer Cover Free for 90 days

Perhaps the car you ordered hasn’t arrived, or the dealer needs to replace it for mechanical reasons. No problem, whatever the cause, if your car needs to be replaced we will transfer the cover to your replacement car free of charge for up to 90 days after purchase.

Motor Insurance Products have always been our Business

We have provided Gap cover, online and offline, for over 30 Years.

In 2006 we started providing GAP Insurance direct online

Wholesale Prices, no loss of cover, immediate protection

Real People

After 30 years we understand the importance of good customer service. So whilst Click4Gap is an online business, our Surrey based consultants are happy to take your call.

Thirty Years Experience

Insurance products have been our business for over 30 years.

We understand Guaranteed Auto Protection because we've supplied hundreds and thousands of policies.

Through experience we know how a policy works, from inception to claim.

Now you are buying directly from the Insurer

Our policies provide clear terms and robust dependable cover.

How we save you money

Millions of Gap policies are sold annually, but you don’t have pay dealer prices.

We took the decision to supply Gap Insurance to you directly instead of via the garage supplying the car. Now you can pay wholesale price.

Legal Information
Return To Value (RTV) Gap Insurance Is Suitable For:
  • Cars owned for 3 months or longer
  • Cars purchased privately or through a dealership
  • Cars less under 7 years old
  • no age limit once on cover
  • Cars that have covered less than 80,000 miles
  • no mileage limit once on cover
  • Cars with a value of less than £50,000
  • Cars purchased using cash or any type of loan
  • Cars purchased within the last 7 years
  • Cars purchased by finance including but not limited to PCP and Personal Bank Loan, Motor Loan, contract hire or any style of leasing agreement
  • Cars used for private or business purposes
Significant Features and Benefits
  • Provides cover against financial loss if your motor insurer declares your car an insurance write-off/total loss – your car is unsafe to repair, repair costs are greater than the pre-accident value, or the car is stolen and not recovered.
  • The choice of cover for cars already owned
  • Refunds the depreciation directly to you
  • Protects your investment
  • Can pay you up to a maximum benefit of £25,000
  • No mileage limit from date of purchase
  • Up to four years cover available
  • Can be purchased up to 7 years after taking delivery of your car
  • Cancel your policy within the first 21 days and we will refund the full premium – no quibble.
  • The Gap policy holder doesn't have to be the registered keeper or even the motor insurance policy holder, but they will need to be a named driver.
  • Transfer cover to a replacement car free for 90 days.
  • Cover can be purchased for cars bought from private individuals or non vat registered garages.
  • Your total loss is covered if it occurs within Great Britain, Northern Ireland, the Isle of Man, the Channel Islands, member countries of the European Community and any country for an international motor insurance Green Card in respect of the car is effective at time of loss.
What Are The Policy Limitations?
  • The maximum benefit payable under this policy is £25,000
  • Gap Insurance can’t be transferred to a new owner or different car
  • If your motor insurer gives the option to replace the car with a new one, you can't claim on the Insurance
  • If you accept the motor insurers total loss settlement without our knowledge or agreement we may calculate your claim using Glass's Guide value on date of loss, refuse to deal with your claim or grant any payment
  • If you notify us 30 days after the date of loss, we may refuse to deal with your claim.

The Insurer will not pay for:

  • portable equipment such as mobile phones, sat nav equipment, entertainment equipment, etc.
  • road fund licence (vehicle excise license)
  • VAT if you are VAT registered.
  • any amount by which the Glass's retail valuation exceeds the total loss settlement offered by the motor insurer.
  • optional extras or modifications not fitted by the manufacturer
  • if the motor insurer does not pay full and final settlement

Please see "What is Not Covered" section of the policy for a complete list of exclusions

Additional Cover:

Cover can be upgraded to include the Motor Insurance Excess Buster by paying an additional premium. In the event of a valid claim, under Section 2 of the policy this will cover your motor insurance excess to a maximum of £500. Benefit applies 90 days from the policy start date.

Significant Exclusions
  • Vans, motor cycles, car derived vans, commercial vehicles
  • Cars fitted with non-manufacturer modifications such as roll cages, steering column extensions, engine modifications and up-rated brakes. Please note accessories such as sat-nav, alloy wheels, in-car entertainment, hands-free kit, tow bars, roof rails, etc do not exclude your car from being insured under the GAP policy
  • Cars classified, before the start of the policy, as category A, B, C, D, F or X total loss
  • Cars without a road fund licence and, if the car is over three years old, a valid MOT
  • Business use does not exclude your car from being insured, however business mileage is excluded from the valuation
  • Cars used for competitions, hire or reward, driving schools, pace making, delivery courier deliveries, haulage, racing, reliability trials, speed testing, or any off road activities
  • Cars owned or used by any entity selling or servicing motor vehicles
  • Additional costs including but not limited to dealer fitted extras, motor insurance, or motor insurance excess
  • If the person driving at time of loss does not hold a valid driving licence, was not covered under a comprehensive motor insurance policy, or was intoxicated by alcohol (as defined by legal limits); or being driven illegally unless the person driving was reported to the police for taking the car without your permission, or under the influence of drugs not prescribed by a registered medical practitioner
  • cars not shown in Glass's Guide, invalid carriers, grey imports, any American make of vehicle unless manufactured as right hand drive for the UK market
  • The following manufacturers Aston Martin, Bentley, De Tomaso, Bristol, Cosworth, Dorchester, Ginetta, Ferrari, Lamborghini, Lancia, Rolls-Royce and Maserati.
  • Any total loss total where it is deemed economical to repair the car to a roadworthy and safe condition

For a complete list of exclusions please refer to the What is Not Covered section of the policy

What Happens If You Change Your Mind After Purchasing GAP Cover

If you decide not to proceed, you have 21 days after purchasing to cancel with a full no quibble refund of all premium paid.

How Long Does The Policy Last?

Cover is available for up to four years. It will terminate at the end of the term selected or before if a total loss claim is settled or if you dispose or sell the car. However, if your car is replaced within 90 days of policy start, on your instructions it can be transferred to a replacement car of a similar value.

What Happens If The Insurer Can’t Meet Its Liabilities?

Your policy is protected by the FSCS, the Financial Services Compensation Scheme, so if the Insurer is unable to meet its liabilities you are still protected. For more details visit www.fscs.org.uk, email enquiries@fscs.org.uk or phone the FSCS.

FCA Authorised

All our GAP cover is insurance backed and FCA regulated.

Click4Gap.co.uk is a trading name of Future45 Limited who is FCA (Financial Conduct Authority) authorised and regulated by the 461102. This can be verified by checking on the Financial Conduct Authority Register by visiting www.fca.gov.uk/register or by contacting the FCA directly.

Direct Group Limited has been appointed by us to deal with all administrative matters relating to this policy, Direct Group Limited are also FCA authorised and regulated FCA registration No 307332.

Red Sands Insurance Company (Europe) Limited, the Insurer, is FCA authorised and regulated by the, a member of the Association of British Insurers (ABI) and the UK's Financial Services Compensation Scheme