Why ALA are the best GAP Insurance provider
"Hi, my name is Simon England, I'm MD of ALA insurance brokers.
So, why are ALA GAP insurance policies better than the rest? There are two fundamental reasons:
1 - The Market Value Clause. We don't have one. Whatever your insurance company settle at, we will pay from that price to your replacement or invoice value, unlike other online provider and many dealers where they do have a market value clause which means they will only pay from the Glass's guide retail value of your car at the time it was written off. Now invariably the insurance companies will not want to pay at that price and if they don't, you will be left with the shortfall.
2 - The maximum price that the car can be covered for when you first buy the GAP insurance policy. Now again, other online suppliers will limit this from 105-110% of the Glass's guide retail price. So if you've got a car that's got extras or you've paid lists and had a few things added to it - anything over that price and anything over that percentage increase would not be covered under that GAP insurance policy. We don't have such a clause, so whatever the invoice price is for your car, we will settle.
A couple of other differences - we transfer free of charge any unused premium onto another car obviously giving you additional discounts for customer loyalty.
Also, we are FCA authorised and regulated - the insurance company we use is a UK company which means the schemes we offer are covered under the Financial Services Compensation Scheme - now, other GAP insurance policies supplied by overseas underwriters - the FCA have limited jurisdiction over those companies outside of the UK."