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Vehicle Replacement Plus+ GAP
What does this policy cover?
This GAP Insurance will, in the event of a Total Loss claim, either pay the difference between the Comprehensive Insurance settlement and replacing your vehicle new for old or with a vehicle of a similar age to the one originally bought or clear the outstanding finance, whichever the greater. It is suitable for vehicles owned outright or on finance and for new and used vehicles up to 7 year old, delivered within the last 90 days.
Cover features:
- Available up to 4 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: |
 |
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| Our Vehicle Replacement Plus+ GAP Insurance will pay either the amount outstanding to your finance company or replace your vehicle like for like new for old depending which figure is higher at the point of a claim. | |
| Your purchase price: | £20,000 |
| The amount owed to the finance company at the point of claim: | £23,000 |
| Your comprehensive market value insurance payout: | £15,000 |
| Our Vehicle Replacement Plus+ payout: | £8,000 |
| Comprehensive insurance payout + ALA GAP Insurance payout = | £23,000 |
| (Leaving you clear of any owed finance on your vehicle) | |
| Alternatively... | |
| Your vehicle purchase price: | £20,000 |
| The amount owed to the finance company at the point of claim: | £18,000 |
| Your comprehensive market value insurance payout: | £15,000 |
| The cost to buy a like for like new for old replacement: | £22,000 |
| Our Vehicle Replacement Plus+ payout: | £7,000 |
| Comprehensive insurance payout + ALA GAP Insurance payout = | £22,000 |
| (Leaving you with a new vehicle continuing on your current finance agreement) | |
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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