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Agreed Value GAP
What does this policy cover?
This GAP Insurance will, in the event of a Total Loss claim, pay the difference between the Comprehensive Insurance settlement and the retail value of your car at the time the policy is purchased, see illustration below. It is suitable for used vehicles bought from a private individual, company or auction, delivered within the last 90 days.
Cover features:
- Available up to 3 years for vehicles owned outright or on finance
- We only use UK Insurers which means your policy is protected under the Financial Services Compensation Scheme
- Our policies do not have a ‘Market Value Clause’
- Our policies do not a have a ‘Glass Guide maximum retail value clause’
GAP Cover Example: |
 |
|
| The Glass‘s Guide value of your vehicle when the policy was taken out: | £15,000 |
| Your comprehensive market value insurance payout: | £10,000 |
| Our Agreed Value GAP payout: | £5,000 |
| Comprehensive insurance payout + ALA GAP Insurance payout = | £15,000 |
Why ALA GAP Insurance policies are better than the rest...
| Market Value Clause | Free Transfer | Glass Guide Maximum Payout Clause | How long have I got to make a Claim? | Country of Underwriters Registration | Deferred start date for Policy | |
| info | info | info | info | info | info | |
| ALA | No | Yes | No | 120 Days | U.K. | No |
| Easy Gap | Yes | Yes | No | 30 Days | U.K | Yes |
| direct gap | Yes | Yes | No | 30 Days | Gibraltar | Yes |
| Click4Gap | Yes | No Transfer | 105% | 30 Days | Gibraltar | No |
| car2cover | Yes | Yes | No | 30 Days | Gibraltar | Yes |
| GapInsurance123 | Yes |
Costs £25 | 110% | 30 Days | Gibraltar | Yes |
| helpucover | Yes |
No |
? | 120 Days | UK | No |
| Cargapinsurance | Yes |
No |
? | 30 Days | Ireland | No |
To read more on why ALA GAP Insurance policies are better than the rest, click here. To get a quote please click the ‘quote me’ button...
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