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<div style=": rgb251, 251, 253;">If you are thinking of taking out a GAP insurance product then we've managed to secure a great deal on already heavily discounted insurance policies taken out through ALA.
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<div style=": rgb251, 251, 253;">All Club members will receive a 5% discounttoo - just follow the link below:
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<div style=": rgb251, 251, 253;">http://www.ala.co.uk/r/?r=Carforumand use code:forum123
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<div style=": rgb251, 251, 253;">Have you thought about gap insurance?
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<div style=": rgb251, 251, 253;">From the moment you drive your car away from the dealer forecourt its value automatically depreciates. This depreciation will increase drastically over the course of you owning that car.
<div style=": rgb251, 251, 253;">You may not be aware but should the worst happen and your vehicle is stolen or is involved in an accident where it is damaged beyond repair, even if you have fully comprehensive insurance, you will only receive the current market value as a payout from that insurer.
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<div style=": rgb251, 251, 253;">This could result in a shortfall of up to two-thirds of the value of the vehicle in as little as 3 years. Crucially a motor insurance company may not pay enough to settle the outstanding finance on the vehicle.
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<div style=": rgb251, 251, 253;">By purchasing GAP insurance this shortfall can be prevented. A GAP policy covers the difference in price between the initial price paid for a car and the market value payout by your comprehensive insurance company. It therefore ensures that you don't suffer the financial loss otherwise associated with the loss of your car through theft or irreparable damage.
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<div style=": rgb251, 251, 253;">Are you thinking this will never happen to you?.........
<div style=": rgb251, 251, 253;"><ul>[*]UK Car Crime is a third of all crime[*]A vehicle is stolen every minute, 33% of these are never recovered[*]Cars depreciate by up to 77% over a 3 year period[*]Motor insurance settlements are always less than the price you pay for your car[*]When a write off occurs you lose out and have to raise the funds for any short fall[*]Write offs occur all too often; protect yourself![/list]Why ALA?

<div style=": rgb251, 251, 253;">Market Value Clause
Make sure there isn't one! This clause means that the GAP company will only pay from the Glass's Guide Retail value. If your Comprehensive Insurer settles for less, you could well end up with a shortfall.ALAdoes not have one.

Maximum Value Clause
You don't want one of these either! This means that the value of your car is typically capped at 105% of Glass's Guide Retail value. If you have added some extras, which is very common, these extras may not be covered under your GAP policy.ALAdoes not have one.

Free Transfer
Of any unused premium and FREE policy amendments.ALA offers this.

Claim Period
If you have ever suffered a Total Loss Claim, you will know the level of stress it can cause, you may even forget to contact the GAP Insurer straight away. The better policies will give you 120 days to make a claim, lesser policies limit this to 30 days.ALAoffers 120 days.

UK Registered Insurers
Buying from a UK insurer means that it is directly authorised and regulated by the FSA, which in turn offers you policy protection under the Financial Services Compensation Scheme, will give you the security you need. Other GAP providers use off-shore insurers, who, although licensed to sell GAP Insurance in the UK, ultimately can step away from their obligations without redress.ALAare UK registered.


Extra features now available - all with our exclusive benefit!(Only when purchased with GAP)


<div style="font-style: italic; font-weight: bold;">Alloy Wheel Insurance
<div style="font-weight: bold;">ALA Alloy Wheel insurance covers your car's Alloy Wheels for the repair of light, accidental damage.

Policies are available for up to 3 years with the ability to make up to 3 claims per years over the course of the policy.

Tyre Insurance
<div style="font-weight: bold;">ALA Tyre Insurance repairs or replaces the tyres on your car, light van or motorcycle when damaged either accidentally or maliciously. Cover can be purchased for up to 3 years with up to 5 claims over the course of the policy.
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<div style="font-style: italic; font-weight: bold;">Scratch and Dent Insurance
<div style="font-weight: bold;">ALA Scratch and Dent insurance covers the cost of minor body damage to your car, occurring within the geographical limits of the UK.

Policies are available for up to 3 years with the ability to make up to 3 claims per years over the course of the policy.

Unsure about ALA?
I've had a lot of people ask if this cover is as good as their dealers and if so why is it so cheap. Well to put it bluntly - your dealer is making a lot of money off this product! GAP insurance from ALA is as good as or exceeds many products that your dealer offers. If you want to read up a little more - here is an article from Honest John:http://www.honestjohn.co.uk/gap-insurance/what-is-gap-insurance/

Real life testimonialfrom a customer who made a GAP Insurance claim with ALA Insurance Brokers:


""ALA with my loss were great on the phone and within 3 weeks of notifying them I had a cheque in the post, so I would recommend that you use ALA Insurance Brokers"

Graham Jones







Edited by: Dan
 

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Top Man Dan........I'll be taking this up!
 

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Thanks for doing this Dan, another great deal.

Wish I'd hung on a bit longer but I got my GAP insurance through ALA last week
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Never mind though, it was still massively cheaper than VW's.
 

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Do you only need to consider the vehicle replacement policy if you think the price of a replacement new car will go up over the term of the policy? And therefore to repurchase the same vehicle say at the end of the policy, you would need to add extra funds with the rti option?

It is another £45 for the 3 years cover.

Hope that makes sense

Edited by: bugbabe34
 

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Discussion Starter #5
Yes basically I think it works like this:

Back to invoice:
You buy the car for 10k, insurer will pay you 7k - the Gap will pay you the 3k. So you are back to the 10k car cost.

Vehicle Replacement:
You buy the car for 10k, insurer will pay you 7k - the Gap would normally then pay you the 3k. So you are back to the 10k car cost. If the car now costs 12k this will cover it and get you a new car so you are not out of pocket at all.
 

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I have just purchased ALA gap insurance too, I rang them up for some advice and they were really friendly and helpful, he recommended I take the 4 year cover out which was about £140, if you have finance over 3 years under pcp, you still have the balloon payment to consider and if you are thinking of changing your up! For a newer one, you can transfer the cover at no extra cost without having a break in cover....All things to consider!!
 

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GAP: my dealer wanted £395, I shopped around and found Warranties Direct quoted £100ish for 3 years, they recommended take out 'invoice refund' or similar name, this covers a refund to the full invoice amount you paid for the car
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Thanks
alamanda; that is excellent advice;

Do you (or anyone else here) know what the procedure for returning the car in earlier; I really wanted to wait for an automatic but no date available.
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<div style="text-align: left;">Also, what happens if I exceed the 36000 miles, I know I pay 4p per mile but is there a limit, so I do 60000.
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Just got the RTI plus policy for my new baby £85.50 with forum discount...well pleased!
 

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Great saving on GAP insurance and discount too. many thanks.


I saw VWup! white for the first time two weeks ago in garage show room, traded in my polo and bought the display model there and then, picked it up this afternoon, great wee car
 

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RE: Great saving on GAP insurance and discount too.



Who did you use, I get my car soon; should have been today, but no news from dealer


Thank you
 

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Try looking at the start of this thread. Dan has negotiated a discount with ALA.

Nick
 

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I would try this.which money gap insurance. Which did a totally independent review this shows price from most of the top on line brokers.

I would also check if your own insurance company offer new for old within the first 12 months some do if you are buying a new car and it can save you even more because you can buy a deferred policy and set the start date to the end of your own new for old style cover.
 

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Many thanks for your reply Charlie; you seem to know a lot about GAP; I did get an insurance thru VW and they mentioned that in the first year they would provide a new car if mine is written off..

With regard to GAP insurance, I have been thinking about what the situation would be if I wrote-off the car, how would this effect my lease payments, do u know?

Thank you
 

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Discussion Starter #17
Also - when buying they now offer Tyre, Alloy Wheel &Scratch & Dent cover - all included in our discount scheme
 

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Sgrahams - re an automatic, a colleague of mine was after one but it seems that reviews are not great and some dealers are pointing people in the direction of the Polo if it has to be an auto. Please do your research and insist on a test drive before committing.
 
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