Do you know that when a new vehicle gets into an accident or is destroyed due to some unexpected occurrence, the insurance providers do not really pay the insured the exact amount he bought the vehicle? Many insurance companies pay lesser than the amount for a new vehicle, they pay the insured the cost of the vehicle at the time before the accident. This means that when you buy a new vehicle for $3000, and you get into an accident 2 months later (one that destroys your car) or the vehicle gets stolen, the insurance providers pay you for the price of a 2-month-old vehicle and not a new one. And this occurs because a new vehicle starts to lose value from the first instance it is driven. So, when you drive your car out of the dealer shop, the cost of your vehicle has already gone lower than that of a brand-new one. If you took the car out on a loan, or maybe you are paying for the car in instalments, and that vehicle gets stolen, the insurance providers would only cover the cost of the vehicle at that point in time (the amount that you have paid on the vehicle), and the remainder is left for you (the amount that you haven’t paid on the loan contract). As such, one of the best insurance covers for any new vehicle, or any vehicle that is less than 2 years old is Gap Insurance. Gap insurance is one that pays for that difference between the value you bought a vehicle, and the value of the vehicle at the point when it got into an accident, or when it got stolen. ALA Insurance claims to offer a Gap insurance policy.
About ALA Insurance
Established in 1990, ALA Insurance is an insurance provider that claims to be dedicated to providing motor insurance packages to corporate, and personal clients. This FCA authorised company is one that offers specialised insurance policies. This UK-based insurance provider is one of the Gap Insurance brokers residents in the UK and allows their customers to purchase this financial product from their website. ALA Insurance avows that they possess extensive knowledge of their insurance policies, and thus, they are qualified to offer suitable advice and support to all their customers.
Services offered by ALA Insurance
The Gap insurance from ALA Insurance is acclaimed to cover new vehicles, used vehicles, and pre-registered vehicles alike. Some of the Gap insurance policies offered by ALA Insurance includes the Vehicle Replacement Plus Policy, the Back To Invoice Plus Policy, and the Contract Hire Plus Policy. Individuals that want to know the Gap insurance policy for their vehicle can visit the ALA Insurance website to request a quote. You would only need to impute the road price of your vehicle and the length of its ownership. After which, ALA Insurance would show you what your Gap insurance could be, and what you would be covered for. When you come to make your Gap insurance claim in the case of any eventuality, you might need to bring the vehicle’s sales invoice, your Gap insurance policy schedule, the motor insurance certificate and its policy wording, your finance agreement, your third party details, and the Police correspondence.