MIkeyv60 Posted October 25, 2019 Report Share Posted October 25, 2019 Always used ALA in the past, but just done a new quote and the cost has shot up!! Anyone else noticed this? Link to comment Share on other sites More sharing options...
CAZ Posted October 27, 2019 Report Share Posted October 27, 2019 On 10/25/2019 at 10:56 PM, MIkeyv60 said: Always used ALA in the past, but just done a new quote and the cost has shot up!! Anyone else noticed this? Was looking at getting some Gap insurance myself, but all quotes were way higher than I expected / what my neighbour had been paying for his. If you find someone who will do it for a decent price please let me know😁 Link to comment Share on other sites More sharing options...
MIkeyv60 Posted October 27, 2019 Author Report Share Posted October 27, 2019 2 hours ago, CAZ said: Was looking at getting some Gap insurance myself, but all quotes were way higher than I expected / what my neighbour had been paying for his. If you find someone who will do it for a decent price please let me know😁 Yeah all my past costs have been in the £180's to £220 , Ala wanted £316 . i ended up with a company called Direct gap at £234 , defacto rating as good as Ala , but as with any insurance you dont know how good they are until you need them? Link to comment Share on other sites More sharing options...
CAZ Posted October 27, 2019 Report Share Posted October 27, 2019 7 hours ago, MIkeyv60 said: Yeah all my past costs have been in the £180's to £220 , Ala wanted £316 . i ended up with a company called Direct gap at £234 , defacto rating as good as Ala , but as with any insurance you dont know how good they are until you need them? I insured the Box and my Fiesta with A plan as they mirrored my NCD ,were happy with mods and for an extra £42 a year gave me total loss cover , meaning that in the event of the car being written off they would give me open market value instead of book value ,plus an extra 25 % on top , so at 12 k should give me an additional 3 k on top - that was the best way round it that I could see for the value of my car. Link to comment Share on other sites More sharing options...
edc Posted October 27, 2019 Report Share Posted October 27, 2019 I let my ALA policy lapse when I got my current lease a year ago. Generally I only put 3 to 6 months down. Link to comment Share on other sites More sharing options...
Stuart21UK Posted October 27, 2019 Report Share Posted October 27, 2019 53 minutes ago, edc said: I let my ALA policy lapse when I got my current lease a year ago. Generally I only put 3 to 6 months down. would you be repsonsible on a lease car? Link to comment Share on other sites More sharing options...
edc Posted October 27, 2019 Report Share Posted October 27, 2019 You can cover your up front payment. Link to comment Share on other sites More sharing options...
MIkeyv60 Posted October 28, 2019 Author Report Share Posted October 28, 2019 12 hours ago, edc said: You can cover your up front payment. Dont the lease company chase you for the difference between the remaining value and the amount the insuarnce company payout after its written off? Link to comment Share on other sites More sharing options...
edc Posted October 28, 2019 Report Share Posted October 28, 2019 I used to think this, and this was one of the reasons I got GAP in the first place but I've since read of a couple of people who have written off lease cars mid term and not had to settle any outstanding payments. Link to comment Share on other sites More sharing options...
MIkeyv60 Posted November 1, 2019 Author Report Share Posted November 1, 2019 On 10/28/2019 at 10:29 AM, edc said: I used to think this, and this was one of the reasons I got GAP in the first place but I've since read of a couple of people who have written off lease cars mid term and not had to settle any outstanding payments. Think thats a bit different as as long as you paid back over 50% of the final value of the car then you incur no more costs and i think you use Contract Hire GAP for lease vehicles not normal gap. Link to comment Share on other sites More sharing options...
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