Return 2 Value
Our Return 2 Value GAP policy has been specifically developed for buyers of used vehicles who have purchased their vehicle 105 or more days ago from a motor dealer or have purchased their vehicle from a private seller irrespective of purchase date.
When a Return 2 Value policy is taken out we record the value of your vehicle as being the lesser of the value you estimate your car is worth, what you paid for it, or the Retail Value given by Glass’s Guide.
In the event that your motor insurance company declares your vehicle as a total loss, this policy would pay out the difference between the current market value of what they would pay you and the amount you or Glass’s Guide gave as being the value of your vehicle at the time the policy was taken out.
Key things to note about the Return 2 Value GAP policy
- Always contact us before accepting a settlement offer from your motor insurer, we may be able to get you a better deal.
- You might not get a full GAP pay-out if your motor insurer has reduced their pay-out due to pre-existing accident damage. Our pay-out reduction will never be greater than their reduction.
- This policy will not explicitly settle any outstanding finance agreements associated with your vehicle.
- If the purchase price or your valuation of your vehicle is less than the Glass’s Guide Retail Value at the point of taking out your policy then we will use your purchase price or valuation for the purposes of this insurance.
At a glance...
|Unlimited mileage cover once policy has started|
|European cover, providing the motor insurance offers full cover too|
|Business use cover|
|We will pay up to £500 to cover the excess on your motor insurance policy|
|We will help you get the best settlement from your motor insurers|
|12, 24, 36, 48 and 60 month options available on vehicles valued at less than £100,000, registered less than ten years ago and with a mileage of less than 100,000.|
|Transferable to new car*|
|No compulsory excess applied|
*Terms and conditions apply
GAP Insurance documents
For full details of our car GAP Insurance, feel free to take a look at our GAP Insurance Documents:
Return 2 Value
See below for a simple example of how your Best4 GAP Return 2 Value may work.