PistonHeads is working as a GAP Insurance introducer for ALA IB Limited trading as ALA Insurance Brokers, who is Authorised and Regulated by The Financial Conduct Authority. FCA Firm Reference No 571109. Registered in England, number 06833207. Registered office: ALA IB Limited, Unit 3, Park Farm Courtyard, Easthorpe, Malton, YO17 6QX
Motorcycle GAP Insurance will protect you in the event your motorbike or scooter is declared a total loss through accident, fire or theft.
Motorcycle Vehicle Replacement Plus covers the difference between your motor insurer’s settlement and the cost of replacing your bike new for old (or with one of the same age as the original bike at the time you purchased it, if not brand new).
If you have finance on the vehicle and the settlement figure is the higher amount at the time, either policy will pay up to that amount instead.
With Motorcycle Vehicle Replacement, the answer to this is yes, if you want to:
Motorcycle GAP Example: |
Your purchase price: | £10,000 |
Replacement cost at time of claim: | £11,500 |
The amount owed to the finance company at the point of claim: | £13,000 |
Your comprehensive market value insurance payout: | £5,000 |
Our Vehicle Replacement Plus payout: | £8,000 |
Comprehensive Insurance payout + ALA GAP Insurance payout = | £13,000 |
(Leaving you clear of any owed finance on your vehicle) | |
Alternatively (without finance)... | |
Your purchase price: | £10,000 |
Replacement cost at time of claim: | £11,500 |
Your comprehensive market value insurance payout: | £5,000 |
Our Vehicle Replacement Plus payout: | £6,500 |
Comprehensive Insurance payout + ALA GAP Insurance payout = | £11,500 |
(Leaving you enough money to purchase a new vehicle matching the original) |