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Contract Hire Plus GAP Insurance


What does this policy cover?

Contract Hire GAP Insurance will, in the event of a total loss claim (accident, theft, fire or flood damage), cover up to 100% of the outstanding rental payments for the vehicle and cover any shortfall in the market value settlement provided by the insurer.

It is suitable for vehicles on Contract Hire which have been delivered within the last 365 days and which are not listed as an excluded vehicle.

Vehicles used in any sort of competitions or rallies. Vehicles used for racing, pace making, speed testing or in reliability trials; Vehicles not listed in Glass's Guide; kit cars; invalid carriages; commercial Vehicles of more than 3500kg gross weight. Any, taxi, mini cab, driving tuition vehicle, courier or delivery vehicle of any type or any private or public rental vehicle.


For extra peace of mind...

Add Initial Rental Cover

For an additional premium you can now also protect the initial rental / deposit you paid at the start of your agreement – this is usually equivalent to 3, 6 or 9 of your subsequent monthly rental payments. This means that if your vehicle is declared a total loss, as well as clearing your outstanding payments with the finance company you receive an additional settlement for the upfront payment.

There are three levels of cover to choose from: £1,000, £2,000 or £3,000. The amount you select should be enough to cover the full amount you paid as an initial rental.

Contract Hire GAP Insurance Cover Features:

  • Available up to 5 years for vehicles on lease or contract hire
  • We are fully authorised and regulated by the Financial Conduct Authority (FCA) and your policy is covered by the Financial Services Compensation Scheme
  • Pays as standard up to £250 of your Comprehensive Insurance excess
  • Our policies do not have a ‘Market Value Clause’
  • Our policies do not a have a ‘Glass Guide maximum retail value clause’
  • This policy will pay up to 100% of outstanding rentals and any shortfall in the vehicle value - *see illustration below
  • If you select Initial Rental Cover the policy will also ensure you recover your initial rental payment, up to a maximum of £3,000
  • Policy transfer – pro rata transfer of unused premium if you change your car, with no admin fees
  • Any amendment made FREE of charge
  • Discount available for renewal and additional policies
  • We guarantee to beat any comparable online GAP quote


Contract Hire GAP Insurance Cover Example:

Your vehicle purchase price: £20,000
Your comprehensive market value insurance payout: £10,000
The amount owed to the contact hire finance company to end the finance agreement: £18,000
Our Contract Hire Plus payout: £8,000
Comprehensive insurance payout + ALA GAP Insurance payout = £18,000
(Leaving you clear of any owed finance on your vehicle)


Read more on why ALA GAP Insurance policies are better than the rest or click the green button to get a quote...