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

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

Author
Discussion

Brian Lacey

133 posts

185 months

Saturday 20th August
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Hi, hopefully in the next week we will be buying our first ever brand new car, a 2022 T-Roc R.
GAP insurance is new to me, I understand the principle of covering the difference between current value and new value in the event of total loss.
I assume that it is a good idea for us to have GAP as it will be our own personal car, a cash purchase from the franchised dealer and a car we will be keeping for a number of years, all being well ?
The dealer has quoted .
"Retail Price Protection 3+2 £20k-£50k
£389.00"
Is this something that matches what you offer, is it good or bad ? I have no idea.
Thanks from a slightly confused
Brian.

ALA Insurance

Original Poster:

212 posts

91 months

Monday 22nd August
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Hi Brian

Thanks for getting in touch.

I know what you mean - it's a steep learning curve with GAP insurance! It's a case of weighing up the potential risk, the cost of the cover and the benefit you'd get from it if you actually needed the policy. Thankfully not everyone will have their car written off but there are lots of stats/facts out there about potential shortfalls where the insurer doesn't pay "enough" for the car at the time of a claim.

With a new car there is also a potential double whammy of the car you've bought dropping in value and the new replacement costing more to buy because of inflation/manufacturer price increases - our average payout is over £5600 per claim for 2022 up to this point, so it really does provide a benefit to our customers when they need it.

In terms of the quote offered by the dealer, I'd be more than happy to provide you with a comparison, I would just need a few more details if possible. Please feel free to send them directly on an email to me (katie@ala.co.uk) and I'll get back to you with a quote and some more information.

If the car is being bough either as a cash purchase or on PCP/HP finance please let me know the cash price of the car itself and how long you would like the policy to last (1-4 years).

I look forward to hearing from you!

Katie smile


ALA Insurance

Original Poster:

212 posts

91 months

Thursday 1st September
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Hi everyone!

Just a quick update from ALA for September driving

Some people might have been lucky enough to get their hands on a new car – we thought we’d remind you that you can get GAP insurance absolutely FREE for one month, a completely exclusive offer for all you lovely PHers woohoo

To learn more and get your free GAP policy head over to https://www.ala.co.uk/pistonheads/30-day-free-gap , give us a call on 01653 916280 or feel free to ask any questions here on the thread.

If you just want to go ahead and buy a policy with us don't forget to use discount code PISTON12 at check out and get 12% off!

Thanks,
Katie and the ALA Team smile

liner33

10,052 posts

183 months

Friday 9th September
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FYI - Your link in this thread no longer works https://www.pistonheads.com/gassing/topic.asp?h=0&...

ALA Insurance

Original Poster:

212 posts

91 months

Friday 9th September
quotequote all
Hi liner33

Thank you for spotting this and letting us know.

The links have been updated and should work now - really appreciate your help! clap

Thanks,
Katie

wow400

36 posts

253 months

Saturday 17th September
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In this day & age of a new car worth more driving it off the forecourt, is GAP insurance actually worth it?

Brainpox

3,547 posts

132 months

Saturday 17th September
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wow400 said:
In this day & age of a new car worth more driving it off the forecourt, is GAP insurance actually worth it?
GAP insurance isn't only for new cars. It'll protect you if you buy used at the inflated prices we've seen the last couple of years.

Decky_Q

1,237 posts

158 months

Saturday 17th September
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I didnt read all 23 pages so apologies if its has been covered.

I rent cars when I'm somewhere I've flown to, the excess on these are crazy, even using a tyre kit on a puncture cost the company I work for £170 would there be a product to cover this or the full excess in the event of an accident?
Ideally I could take their included insurance and if there was reason to claim then use a separate policy so I'm only out by the amount I've paid for the policy rather than some crazy amount they make up?

ALA Insurance

Original Poster:

212 posts

91 months

Tuesday 20th September
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Hi DeckyQ

Thanks for getting in touch

No problem at all - it is a lot to get through smile

At the moment, we don't have an excess insurance which is specific to hire cars; our policy is to cover the comprehensive insurance excess on your personal car. However, I think it is something you can purchase independently from the car hire company and is always worth looking into alternatives (although look into the T&Cs to make sure it's the sort of thing you're looking for!)

I'm hoping other PHers on the forum might be able to help... thumbup

Thanks,
Katie

Decky_Q

1,237 posts

158 months

Thursday
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Thanks for the reply Katy.