ALA Insurance providing GAP, payment protection and early termination insurance for owners of leased vehicles

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Payment Protection Insurance

Payment protection Insurance will pay your monthly payments on any motor finance agreement, mortgage, or any type of loan if you become unemployed or cannot work due to accident or sickness.

* Payment Protection Insurance has been withdrawn from sale with immediate effect. *

What is Payment Protection Insurance?

A unique policy that allows you to protect your monthly loan/vehicle repayments against

  • Accident
  • Sickness
  • Unemployment

Payment Protection Insurance provides cover that will help you to keep your vehicle by maintaining your monthly repayments during difficult times

Who can buy Payment Protection Insurance?

Payment Protection Insurance is offered to any private individual that is purchasing a car or some other form of finance in their own name.

Finance agreements that would qualify are

  • Personal Contract Purchase (PCP)
  • Hire Purchase
  • Lease Purchase
  • Personal Contract Hire

Payment Protection Insurance is not available to companies

Payment Protection insurance is available to you if you are self employed

Contract Hire Gap Insurance

Example:

Original Cost of your car:£20,000
Deposit:£2,000
Amount of loan:£18,000
Period of loan:36 months
Your monthly repayment:£500.00

12 Months later you are made redundant, have an accident or become ill and cannot work!.

Payment Protection Insurance will pay the driver of the car £500.00 per month so they can keep up the payments for their vehicle.

Maximum number of payments for Unemployment is 12 months

Maximum number of payments for Accident/Sickness is 12 months

Protect your investment and avoid financial worry... Buy Payment Protection Insurance online today