-
ALA Insurance calls for FCA clarity
- 25/09/2023
- Posted by: Alan Feldberg
- Category: News
ALA Insurance has called a fair value warning to GAP insurance providers issued by the FCA ‘irresponsible’ as the data does not differentiate between online brokers and dealerships. The FCA claimed it had evidence that some GAP products do not offer fair value, citing its own data which revealed only six per [...] -
Pay-outs more than £1m shy of market value
- 01/09/2023
- Posted by: Alan Feldberg
- Category: News
New research by GAP insurance provider ALA Insurance has revealed that the average car owner is offered £286 below market value on claims where their car has been written off. ALA analysed over 3,748 claims to show which car makes receive the lowest pay-out based on market value and found that, collectively, [...]