Home » Tractor & Plant Machinery Gap Insurance
Truck Gap Insurance
What does this policy cover?
Whether you run a single HGV or a fleet, if a vehicle is declared a total loss, you stand to suffer a sizable financial shortfall. Your Comprehensive Insurance provider will pay back to the Market Value, however, this will potentially leave you still having to top this up to replace the truck, or it may leave you still owing a significant amount of finance.
The GAP Insurance we offer for trucks is unique, in two ways:
- Back to Invoice Insurance no claim limit between the insurers Market Value settlement and original invoice price.
| Truck Invoice price: | £100,000 |
| Insurers settlement: | £60,000 |
| GAP Insurance settlement: | £40,000 |
| Balance: | £100,000 |
- Finance GAP covers for financial settlements up to £50,000, that remain outstanding once your Comprehensive Insurer has settled.
| Truck Invoice price: | £100,000 |
| Insurers settlement: | £80,000 |
| GAP Insurance settlement: | £24,000 |
| Balance: | £24,000 |
GAP Insurance Features
- GAP Insurance is available for a machine up to 5 years old at the start of the policy and must be bought within 2 years of delivery – supplied by an authorised dealer
- Available for all types of tractors, trailers and plant machinery up to the original invoice value of £265,000 per item
- Return to Invoice policies are available for up to 4 years
- Finance GAP policies are available for up to 5 years
- The total premium is payable over 12 monthly payments by DD or Debit/Credit card
- No GAP claim limit on Return to Invoice policies
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...
Latest Blog Posts
15/05/2013:
Black Box Technology - Smarter Driving
09/05/2013:
6 Top Cars from Fast and Furious
25/04/2013:
Too Posh to Push?
