Promoted: Free 30-day GAP policy for PHers with ALA

[Roo]

Just picked up a new to me car and as it's only 15 months old thought I'd better take out RTI insurance.

ALA was a shade over £106 with the Pistonheads discount. Absolute bargain.

And that's coming from someone who was in the motor trade for over twenty years until I gave up work last year.

[AMDB9]

Hi there, I was about to buy a policy until I reached the last page where it says you won't cover a car not in the Glass Guide. I went to the Glass Guide website and can see Mclaren listed as a manufacturer but not Ferrari - can I get GAP cover for a Ferrari 458 Italia? Please confirm...thanks

[siremoon]

Same sort of issue here. I have a BMW 430i coming soon (which is basically just a rebadged 428i) but that isn't in Glass's either.

[ALA Insurance]

Morning AMDB9 and siremoon,

AMDB9 - I can confirm that the Ferrari 458 Italia does appear in Glass's Guide and so would be covered by our GAP policies.

siremoon - whilst your car is not currently in Glass's Guide, I believe this is only because it is a brand new model and it takes some time for these to show but again, you would be covered by the GAP policy.

As long as you don't have one of these we're usually ok! But we'd agree it's best to double check as its not always clear.

If you have any other queries please let me know

Thanks,
Katie

[AMDB9]

ALA Insurance said:

Morning AMDB9 and siremoon,

AMDB9 - I can confirm that the Ferrari 458 Italia does appear in Glass's Guide and so would be covered by our GAP policies.

siremoon - whilst your car is not currently in Glass's Guide, I believe this is only because it is a brand new model and it takes some time for these to show but again, you would be covered by the GAP policy.

As long as you don't have one of these we're usually ok! But we'd agree it's best to double check as its not always clear.

If you have any other queries please let me know

Thanks,
Katie

Great thanks

[siremoon]

Thanks also

[Jordan210]

Im not sure if I was seeing things. But was there an article a while ago about a gap policy extension of a years gap even if you had not purchased it form Ala.


Does this product exist ?

[ALA Insurance]

Hi Jordan210

We do offer a one year extension of an existing GAP policy, even if your original cover was not bought from ALA

If your original GAP policy was purchased from a provider other than ALA there is a restriction which means that the extension policy must be purchased before the original policy has run out. The car must be under 10 years of age and otherwise eligible for the policy.

Please just let me know if you have any other questions at all

Thanks,
Katie

[Jordan210]

ALA Insurance said:

Hi Jordan210

We do offer a one year extension of an existing GAP policy, even if your original cover was not bought from ALA

If your original GAP policy was purchased from a provider other than ALA there is a restriction which means that the extension policy must be purchased before the original policy has run out. The car must be under 10 years of age and otherwise eligible for the policy.

Please just let me know if you have any other questions at all

Thanks,
Katie

I thought i was going loopy ! Thats brilliant. I still have a years gap left but will contact you guys in 10 months or so !

Thanks !

[Ursicles]

Heya,

I wonder if i can ask a proper idiot question

I'm taking out my first personal lease for a £30k Audi A4 avant on a 2 yr term. Cost of the lease is £6k (more or less) for 2 yrs.

What level of cover would you suggest i take?

Never done a lease before, so this is utterly new to me!

[ALA Insurance]

Hi Ursicles

Thanks for getting in touch - there's no such thing, happy to answer any questions to make sure you're happy with the GAP cover

As it is a lease we just need to make sure we're covering that 6k or so of payments, so if you choose a £7500 claim limit we can be sure all of your remaining rental payments are covered if the car is written off.

Also, if the worst happened right at the beginning of the contract, we know there is a bit extra available to top up your insurer's market value settlement if it is less than your lease company expect.

Hope this helps but any other questions at all please let me know!

Thanks,
Katie

[Ursicles]

Katie,

Thanks very much for that - very helpful reply indeed.

[knitware]

Hello ALA,

I just wanted to post a simple 'thank you' to Dawn who gave me an incredible Vehicle Replacement quote for my new car, sweeping away all other quotes and reducing it further whilst keeping intact the benefits. She has a great phone manner too, calm and professional.

[ALA Insurance]

Hi knitware,

Dawn has asked me to pass on her thanks for your lovely feedback - she's thrilled! Also our MD, Simon England, has asked me to thank you for taking the time to let us and other PHers know about your experience with ALA.

If there is anything else we can help please just let us know

Thanks again,
Katie

[silent ninja]

Surely for a lease, say £10k over 2 years, GAP insurance only needs to cover the £10k amount which is the finance element. If the car is written off, the insurance company would settle based on the current value of the car. The shortfall is irrelevant because the company owning the car are only eligible to get a "like for like" vehicle. So Gap insurance should cover the outstanding finance/payments only. Is my understanding correct?

[ashleyman]

The dealer price I was quoted for 3 years return to invoice cover costs £299.

I phoned you guys this morning to ask some questions and get a quote and your pricing was so much better!!
Return to Invoice was £159 and Vehicle Replacement Plus was £182.

Happy to say I went with the £182 figure.

[Sheepshanks]

What happens with Vehicle Replacement Gap if the model is no longer available?

We bought a VW Tiguan 6 months ago and it's just about to be replaced by a new model which looks like it'll be a fair bit dearer.

[ALA Insurance]

Sorry for the delay in getting back to you all - hope everyone had a lovely Bank Holiday weekend!

silent_ninja - You are right; as the main thing we're covering is the outstanding finance payments due under the contract we would normally set the claim limit as enough to cover the full amount. Ideally we would also include a little bit extra in the GAP claim limit as we also cover any shortfall in the insurer's market value settlement i.e. if it doesn't match the amount expected by the lease/finance company. So for example if your rental payments are approximately £10,000 we would usually put a claim limit of £15,000 just to cover the two aspects mentioned above at the worst point. Having said this, all contracts vary so it does depend on your individual T&Cs.

ashleyman - thank you so much for your feedback, we really appreciate it glad we could help!

Sheepshanks - The Vehicle Replacement policy will still pay up to the replacement cost of the replacement/superseding model. This policy is protecting you from manufacturer price increases, not just the amount you paid for the car, so yours is a perfect example of when this policy is the better one to choose.

Please let me know if there is anything else I can help with.

Thanks,
Katie

[Sheepshanks]

ALA Insurance said:

Sheepshanks - The Vehicle Replacement policy will still pay up to the replacement cost of the replacement/superseding model. This policy is protecting you from manufacturer price increases, not just the amount you paid for the car, so yours is a perfect example of when this policy is the better one to choose.

Awesome - thanks! That might be enough to tip me over the edge into buying it.

[siremoon]

knitware said:

Hello ALA,

I just wanted to post a simple 'thank you' to Dawn who gave me an incredible Vehicle Replacement quote for my new car, sweeping away all other quotes and reducing it further whilst keeping intact the benefits. She has a great phone manner too, calm and professional.

I would also like to thank Dawn. I spoke to her when taking out a policy last week and she was excellent.