GAP Insurance

Martynt74

Martynt74

Martynt74

Soldato
Joined
20 Feb 2004
Posts
22,898
Location
Hondon de las Nieves, Spain
Hi All,

I know the old favourite for GAP insurance used to be ALA, but looks like they've stopped offering it anymore

KzvFRrb.png



Does anyone else have suggestions? My mother in law is buying a 1yr old Lexus and i said i'd get some quotes for her to compare against the Lexus quote.
 
That's really strange especially the part about them believing other providers have paused providing GAP insurance as well, we got ours in November from ALA via the PistonHeads link, I'd be interested to see if other providers have indeed paused from providing as that would worry me if no-one is providing cover\quotes currently
 
Maundie said:
That's really strange especially the part about them believing other providers have paused providing GAP insurance as well, we got ours in November from ALA via the PistonHeads link, I'd be interested to see if other providers have indeed paused from providing as that would worry me if no-one is providing cover\quotes currently
Click to expand...
The regulations changed at the very end of February meaning a lot of places stopped offering it.

I originally had it thrown in with my car as part of the deal but even the company Seat use stopped offering it just before I picked it up
 
tom_e said:
The regulations changed at the very end of February meaning a lot of places stopped offering it.

I originally had it thrown in with my car as part of the deal but even the company Seat use stopped offering it just before I picked it up
Click to expand...
Hmm must be the regulations mean it's not a licence to print money then as I would imagine GAP insurance isn't claimed on half as much as normal car insurance (am I right in thinking it only comes into play for a total loss\write off?)
 
GAP insurance has stopped for everyone (except for a limited number of providers) while the FCA review if it offers good value to the consumer.
 
ristac said:
No need to review it, it simply doesn’t offer good value
Click to expand...

I dunno - I paid 500 quid for it on my Polestar when it was just over a year old. If it’s written off just before the 3 year point, I get the invoice price plus 15% back.

Seems like a good deal to me personally, but like all insurances it’s about probability.
 
I'd say general motor insurance right now offers much less value but no ones trying to get rid of that :cry:
 
Bought my last policy through Chris Knott Brokers. It was decent value and I thought the policy terms were pretty favourable. I didn't need to claim, but I was confident in the policy had I needed to.
 
When did ALA stop giving quotes for GAP Insurance? My policy ends soon and they sent me an email last week with a discount code to use if I had or plan to change vehicles.
 
You must log in or register to reply here.
Back
Top Bottom