Worried BMW Owners Rush To Buy GAP Insurance After BBC Watchdog Programme Highlights Security Flaws, Say ALA

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A BBC programme about BMW security flaws leads to an increase in GAP insurance sales for one company

We got an unusually high amount of enquiries from worried BMW owners

BMW owners worried about security flaws highlighted in a recent BBC Watchdog programme are rushing to protect their investments by buying GAP insurance cover say ALA Gap Insurance, the UK’s leading online gap insurance provider.

GAP (Guaranteed Asset Protection) insurance covers the difference between the actual cash value of a vehicle and the balance still owed on the financing. It offers extra piece of mind for vehicle owners as a standard insurance policy as insurers will only pay out market value in the event of a theft or total loss, which leaves thousands of unfortunate car owners out of pocket every year. And with BMWs costing up to £100,000 per year, it is easy to see why they would be worried.

ALA’s Managing Director, Simon England, stated:

“Since the BBC Watchdog programme aired we suddenly started getting an unusually high amount of enquiries and sales from BMW owners. It was only when we started getting the testimonials in from these customers that we realised why!”

One such testimonial, published on the ALA website, reads:

“After the watchdog programme last night which detailed how many BMWs are being stolen, I wanted to make sure that I had enough cover since I have only had the car for 3 weeks.”

The Watchdog programme, aired last week, highlighted the increasing problem of thefts of BMWs which has been caused by clever thieves cracking the BMW’s electronic key technology. BMW say they are aware of the issue and are working closely with the police to establish the exact method of attack and the technical implications. They also state that the problem is not specific to BMWs.

ALA is an independent insurance broker, which creates bespoke GAP insurance policies underwritten by UK insurance providers. It is authorised and regulated by the FSA and its policies are covered under the Financial Services Compensation Scheme.

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Justin Butcher
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