ALA Insurance

If your car is written off or stolen, your motor insurance will only pay you what it is worth at the time of the claim. Depending upon which policy is suitable for you, GAP Insurance covers the shortfall between your insurer’s settlement and the original cost of the of the car, the cost of replacing the car or your outstanding finance. ALA Insurance offers various types of GAP insurance, depending on your circumstances.

• Back to Invoice Plus – this might be for you if you want to protect the price you originally paid for your vehicle, whether it is owned outright or bought using PCP or HP finance. Cover can be purchased up to 180 days after delivery or up to 365 days after delivery if your vehicle is brand new and you have new vehicle replacement cover from your motor insurer for the first 12 months.

• Vehicle Replacement Insurance Plus – this might be for you if you are concerned that the cost of buying the same vehicle again could be higher than the amount you originally paid (the replacement cost could also be the same, or lower depending upon available deals at the time of the claim). Cover can be purchased up to 90 days after delivery.

• Contract Hire Plus – this might be for you if you have a lease or contract hire agreement, and you want to cover your potential liability under the agreement if your vehicle is a total loss. You can also opt to receive back your deposit/initial rental if you select Initial Rental Cover.

• Agreed Value – this might be for you if you purchased your car from a private individual or if you bought it from a garage but have had your vehicle for more than 6 months. The value of your vehicle is fixed at the start of the policy and can be held for up to 5 years. As long as your car is less than 10 years old with fewer than 100,000 miles on the clock there is no time limit to buy cover.

As with all insurance products we thoroughly recommend doing your research on which product is right for you and so please visit the ALA Insurance website for further information on these products or call one of our impartial, friendly team members who will be able to offer non-biased information on each product; 01653 916637.