Alps adds Financial & Legal to panel for GAP insurance 

The policy covers vehicles valued up to £125,000 and can be purchased up to 180 days after vehicle purchase.

Marvin Onumonu

June 24, 2025

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Alps

Alps has added Financial & Legal to its panel for guaranteed asset protection (GAP) insurance. 

Alps will now offer a GAP product underwritten by Financial & Legal, which is authorised by the FCA to underwrite GAP insurance.

The policy covers vehicles valued up to £125,000 and can be purchased up to 180 days after vehicle purchase. 

There are no market value or mileage clauses, and claims are paid out quickly. 

The policy also offers pro-rata refunds if cancelled.

Michelle O’Reilly, managing director at Alps, said: “We’re thrilled to welcome Financial & Legal to our panel. 

“Their backing is a strong endorsement of our capabilities and credibility in the add-on market.  

“GAP insurance remains a vital protection product for vehicle owners and an important revenue stream for brokers.”

O’Reilly added: “Alps was among the first MGAs to resume GAP sales post-FCA review, and we continue to put education, compliance, and customer value at the heart of our offering. 

“Financial & Legal share our ethos — they’re known for their agile, outcome-focused underwriting, and strong technical expertise. 

“This partnership reinforces our commitment to providing brokers with trusted, flexible, and compliant insurance solutions.”

Ian Kember at Financial & Legal said: “We are pleased to be partnering with Alps, whose reputation for innovation, technical expertise, and broker support in the add-on insurance space is second to none. 

“Their heritage as a specialist MGA, combined with a strong track record in compliance and service delivery, makes them an ideal partner as we expand our presence in the GAP market.”