Vehicle actual cash value (ACV)

If you file a damage claim with Sur, we’ll calculate your vehicle’s value at that time as part of determining a maximum coverage amount. However, claims must be first made through host/owner rental insurance policy first.

Actual cash value (ACV)

We use actual cash value (ACV) to determine the value of your vehicle at a given time. It’s the industry standard method of putting a value on vehicles if they’re damaged and deemed a total loss. We determine ACV by using various data sources that compare your vehicle to similar ones in the market and provide a detailed valuation report that shows how we calculated your vehicle’s ACV.

United States

Sur covers vehicle ACV up to $80,000 minus your protection plan’s deductible.

Australia

Sur covers vehicle ACV up to A$80,000.

Canada

Sur covers vehicle ACV up to CA$80,000

France

Sur covers vehicle ACV up to €80,000 minus your plan’s deductible.

UK

Sur covers vehicle ACV up to £80,000 with no deductible on the 65 plan and £250 deductible on the 75 plan.

Note: We do not offer gap insurance or a depreciation waiver. Gap insurance purchased through an insurer or third party may cover your vehicle while it’s listed on SUR; check the policy terms to find out.