At ALA, we understand that buying a GAP policy can often be complex, and we pride ourselves on giving open and honest feedback to our existing and potential customers to help them fully understand the options available.
We also work in partnership with insurance companies to agree insurance estimates should your car be written off or stolen, so we can guarantee that we pay out the total shortfall, ensuring you are not left out of pocket.
If you have any particular questions, we are always happy to help.
Got a question to ask?
“Some competitors of ALA will defer the start of a vehicle replacement policy for the first year to coincide with my comprehensive insurer's offer of a 'new for old' replacement for the first year - why doesn't ALA?”
Is it Worth It?
GAP Insurance will protect you if you write off your vehicle. It will ensure that you are not left out of pocket if you have a total insurance loss by covering any shortfall between your insurance pay out and the amount outstanding on the finance agreement.
Over half a million cars are stolen each year, most of these are written off or vandalised. Add to that the large number of accidents each year and you could be the next person to suffer a vehicle write off. A GAP policy will cover you against financial loss should your car be stolen and/or written off.
Most of us think our Comprehensive Motor Insurance covers us if our vehicle is written off... THINK AGAIN!
If your vehicle is written off your motor insurer will only pay the current market value for your vehicle!
So what happens if the current market value is not enough to replace your vehicle or pay off your finance or contract hire agreement?
Simple, there is a financial GAP that you will have to pay out of your own pocket:
Why should I purchase GAP Insurance?
- UK Car Crime is a third of all crime
- A vehicle is stolen every minute, 33% of these are never recovered
- Cars depreciate by up to 77% over a 3 year period
- Motor insurance settlements are always less than the price you pay for your car
- When a write off occurs you lose out and have to raise the funds for any short fall
- Write offs occur all too often; protect yourself
Our Latest Testimonial
“ALA policy cost £190 for 5 year cover rather than £315 for 3 year cover with Ford Dealership........Very easy and Simon who dealt with me was extremely helpful in determining the level of cover that I needed to take out......Common sense to buy GAP when you are investing a lot of money in a used car. Put onto GAP by the Ford Dealership but luckily for me I checked out the Forums and Which who put me onto you.”
Tim J, Cardiff