Leased vehicles page

Why do I need GAP cover?

If your leased car is written off or stolen, it could be financially devastating. The settlement from your comprehensive car insurer is unlikely to cover all of your costs, leaving you without a car and out of pocket or in debt. ALA’s Contract Hire GAP covers any shortfall in your comprehensive insurance pay out, so you can enjoy your leased car without the financial worry.

Why choose ALA’s Contract Hire Plus GAP insurance?

Proven, industry leading cover

We carefully formulate our insurance policies to provide great value cover that gives you everything you need.

Deposit cover

You can now also protect the initial deposit, up to £3,000. This means that if your vehicle is declared a total loss, as well as clearing your outstanding payments, you will receive an additional settlement for the upfront payment.

Peace of mind

Our policy covers up to 100% of the outstanding payments for a leased vehicle in the event of a total loss claim. It will also cover any shortfall in the market value settlement provided by your insurer.

Best Price Guarantee

We guarantee to match any comparable online GAP quote.

No hidden admin fees

Amendments can be made free of charge, including pro-rata transfers of unused premiums if you decide to change your vehicle.

Enjoy a discount on renewal or when you buy additional policies!

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How does the policy work?

If your vehicle is worth £20,000, and you’ve made payments of £2,000 when your car is stolen or written off, a breakdown could look like this:

Leased vehicles example

Covered

£1000

Shortfall

£1000

*Example shows the amount covered by your Comprehensive Vehicle Insurance (based on average depreciation rates and current market value) and the potential shortfall if your vehicle is written off.

Finance details:

Your vehicle value: £20,000

The amount owed to the contact hire finance company to end the finance agreement: £18,000

Your comprehensive market value insurance payout: £10,000

ALA GAP Contract Hire Plus payout: £8,000

Comprehensive car insurance payout + ALA GAP Insurance payout = £18,000

(Leaving you clear of any owed finance on your vehicle)

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Customer Testimonial

“To ensure peace of mind I always invest in GAP insurance when getting a new vehicle and especially important [I feel] if it’s a lease vehicle. The leasing company had their own product but my preference based on price and service has always been ALA. And so it was again this time, 45% saving over the leasing company quoted price and a call back from a well-briefed agent at ALA to confirm I was getting the cover I required.”

Roger W, 2023

What is excluded from this policy?

View Exclusions

Any Commercial Vehicle over 3500kg, Motorcycle, Motor Scooter or Moped.
Any left hand drive vehicle and a vehicle which does not meet UK or EC approval or is not commercially available in the UK direct from a manufacturer or its authorised importer or dealer.
Any taxi, mini cab, driving tuition vehicle, courier or delivery vehicle of any type or any private or public rental vehicle or any rally, competition or off-road vehicle of any type.
Emergency service vehicles.
Vehicles designed to carry more than eight people including the driver.
Vehicles fitted with non-manufacturer specified modifications including, but not limited to, engine modifications, uprated brakes, roll cages and/or steering column extension.
Vehicles which are classified as non-passenger cars, motor caravans, caravans, kit cars or replica cars.
Any imported vehicle, unless it was:
manufactured as a right hand drive
purchased from an authorised distributor in the other country (and not imported directly)
Vehicles without a valid Road Fund License (vehicle tax).
Vehicles not included in Glass’s Guide.
The vehicle has previously been declared a total loss or write off.

GAP insurance for leased vehicles

Protect your leased car with our specialist GAP policy.