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

[ALA Insurance]

Hi 5er

Glad we could help and save you some money!

[Jono27]

Picking up a new cupra 300 on Lease this weekend and think I might need GAP cover. Is there a specific type for a lease car? Also does any one know if the PH 12% discount is still applicable? As this thread is a few years old now. Cheers

[ALA Insurance]

Hi Jono27,

Thanks for getting in touch.

I can confirm that there is a specific policy for Contract hire and leasing and its is called Contract hire GAP The forum code of "Piston12" is still very much available for pistonheads forum members . Don't worry about the thread being old as we are available over the phone[phone]) or online for any queries GAP related and are happy to help any way we can.

All the best,

Jason

[Alucidnation]

Are you still price matching?

Your price is £147 ish with the 12% discount code £7500 limit, however, TotalLossGap via EasyGap are £104 ish with no upper claim limit, both with deposit protection.

Thanks

[ALA Insurance]

Hi Alucidnation

Thanks for getting in touch.

We do match other companies' prices, as long as the cover is comparable. I think in this case it looks like it will be, we would just need to complete the details over the phone so that we can manually apply the new price.

We're open until 6.30 tonight if you'd like to give us a call to run through this with you

Thanks,
Katie

[Alucidnation]

Thanks Katie,

Will give you a call this afternoon.

[ALA Insurance]

Hi everyone!

Just a quick update after the PH Sunday Service at JCB headquarters - we were delighted to be a sponsor of the event and there's lots of pics on the forum post here:

https://www.pistonheads.com/gassing/topic.asp?h=0&...

Hope everyone has a lovely bank holiday weekend

Katie

[MrBig]

Is your cover backed/guaranteed in the unlikely event that the company goes into administration or similar please?

[ALA Insurance]

Hi MrBig

Thanks for your message.

We are indeed - we're the broker so in the unlikely event of us no longer being here the policy is still with the underwriter, who would therefore pay out if you needed to make a claim.

If the underwriter were to go into administration, your policy is protected under the Financial Services Compensation Scheme.

I hope this helps and if I can be of any further assistance please do not hesitate to contact me.

Thanks,
Katie

[tedblog]

Hi went to use the alloy wheel insurance again this year and price has shot up to over £300.
Regards

[ALA Insurance]

Hi tedblog

Thanks for your post.

I'd like to just have a bit of look into this further for you - please would you email your current policy details to me at [e-mail]?

Hope to hear from you soon.

Thanks,
Katie

[TonyF55]

Has anyone taken out the new ALA Vehicle Warranty? thinking of taking it as my manufacturer warranty expires next month.

Is it better than WarrantyWise et al, or am I best stumping up and paying to extend the manufacturer warranty.

Tony

[tedblog]

ALA Insurance said:

Hi tedblog

Thanks for your post.

I'd like to just have a bit of look into this further for you - please would you email your current policy details to me at [e-mail]?

Hope to hear from you soon.

Thanks,
Katie

Hi Katie

I have sent the policy over. 18 months ago the cost was £208 for the same cover (9 claims ) it is now £384 , a pretty big jump for a smart repair?

Regards

[ALA Insurance]

Hi tedblog

I hope you're well and had a good weekend. I know we've been speaking on email but just wanted to put something on here as well.

There have been a few things which have impacted on the policy prices, hopefully you and the other PHers don't mind me running through these

Up until recently, Insurance Premium Tax had been 6% for a long time - the government increased it to 10% by the time you bought your policy and have since increased it again to 12%, which has had an effect on policy prices.

As you can imagine, our underwriters base all their prices on various risk factors. All of the non-GAP policies we provide (Alloy Wheel, Tyre, Scratch and Dent and Excess) are all lower in premium when bought with a GAP policy. Your original Alloy policy was purchased with GAP, whereas the new quote you're looking at is without GAP cover, and that does make it more expensive.

The underwriters have also updated the prices in line with the high number of claims that we've had on the policies - they're really popular policies, with lots of claims being made and this has had an impact on the prices since you bought your original policy.

All of these things combined have resulted in the increased prices and you've mentioned you're looking at covering any cost of repairing your alloys yourself in this instance. I look forward to hearing from you with regards to the GAP policy, as discussed there will be a pro rata refund due from when the car was sold.

I hope this all makes sense - sorry its a bit of a long post - and if you have any questions please let me know.

Thanks,
Katie

[rlg43p]

Hi ALA,

Can I buy tyre insurance if I have bought 4 tyres in the last week or can it only be initiated in the 30 days after a car is bought?

[ALA Insurance]

Hi rlg43p

Thanks for your question.

Just down to the underwriters restrictions, the Tyre insurance can only be purchased within the first 30 days after you've bought your car.

I'm sorry if we can't help this time but if you have any further questions at all please let me know.

Thanks,
Katie

[rizel23]

do you do 18 month contracts for lease? thanks

[ALA Insurance]

Hi rizel23

Thanks for getting in touch.

Out policies are in full-year term so you would be need two year policy to cover the full term of your lease. However you can carry over the remaining 6 months' worth of premium to a new policy when you change your car.

We don't charge a fee to do this, you would only be paying the difference in premium for the new policy.

I hope this helps but if you have any other questions at all please let me know.

Thanks,
Katie

[elliebeth]

Hi, just trying to get my head around this. If I'm buying a £50k car on PCP that says in three years my balloon payment will be £30k does that mean over 3 years I need GAP for £20k cover roughly speaking? So if the car was stolen or written off in those three years in theory it should at least be worth £30k? Thanks

[ALA Insurance]

Hi elliebeth

Thanks for your questions and hopefully I can help

When you pop your details in for a quote our system will automatically suggest a level of cover - it is based on the vehicle cost, the term of cover and average rates of depreciation. Most new cars lose about 50% of their value in the first 3 years and our system tends to round up to cover the cars that lose more money.

From the figures you've given it may be that £20,000 is enough cover, but it could leave you short if your insurer ever pays less than £30,000. It may also be worth mentioning that the balloon payment is based more on your finance rather than just the vehicle.

I hope this makes sense! However, if you would like to run through this further please let me know - you're welcome to drop me an email ([e-mail]) or give me a call (01653 916301).

Thanks,
Katie

Edited by ALA Insurance on Tuesday 30th October 17:05