With ALA Motorhome GAP insurance, whether you have an ACE or a WildAx or anything in between, we will protect you financially in the event your vehicle is declared a total loss.
Although motorhomes don’t tend to depreciate as quickly as most other vehicles, they are often more expensive to buy initially and even a small amount of depreciation on such a costly vehicle can mean that you are left out of pocket following a total loss.
If your insurer declares your vehicle a total loss (or write off) following an accident, fire or flood damage, or if it is stolen, they will only pay you the market value of the vehicle. ALA’s Motorhome Back to Invoice Plus GAP Insurance will cover the shortfall between the insurer’s settlement and the original price you paid for your motorhome, or the outstanding finance owed at the time, whichever is higher.
With Motorhome Back to Invoice Plus, the answer to this is yes, if you want to:
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.
Back to Invoice Example:
|Your purchase price:||£60,000|
|The amount owed to the finance company at the point of claim:||£63,000|
|Your comprehensive market value insurance payout:||£55,000|
|Our Back to Invoice Plus payout:||£8,000|
|Comprehensive Insurance payout + ALA GAP Insurance payout =||£63,000|
|(Leaving you clear of any owed finance on your vehicle)|