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Contract Hire Plus+ 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 clearing the amount of outstanding rentals and any shortfall in the vehicle value. It is suitable for new and used vehicles on Contract Hire, delivered within the last 90 days.
Cover features:
- Available up to 5 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
- Pays as standard up to £250 of your Comprehensive Insurance excess
- Our policies do not have a ‘Market Value Clause’
GAP Cover Example: |
 |
|
| Your vehicle purchase price: | £20,000 |
| Your comprehensive market value insurance payout: | £10,000 |
| The amount owed to the contact hire finance company to end the finance agreement: | £18,000 |
| Our Contract Hire Plus+ payout: | £8,000 |
| Comprehensive insurance payout + ALA GAP Insurance payout = | £18,000 |
| (Leaving you clear of any owed finance on your vehicle) | |
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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