The latest news from Alps for you;
Alps, a leading MGA specialising in add-on insurance products, legal expenses, and claims solutions for intermediaries, has announced the addition of Financial & Legal to its panel for Guaranteed Asset Protection (GAP) insurance.
Under the new agreement, Alps will offer a market-leading GAP product underwritten by Financial & Legal. Financial & Legal is one of a select group of insurers authorised by the FCA to underwrite GAP insurance, highlighting its strong compliance credentials and focus on consumer outcomes.
The GAP product includes a range of value-added features designed to enhance protection and deliver outstanding customer value, such as:
- Cover for vehicles valued up to £125,000
- Extended policy purchase period of up to 180 days after vehicle purchase
- No unfair market value or mileage clauses
- Fast claims pay-outs
- Pro-rata cancellation policy refund
Alps also provides bespoke product training for brokers to ensure confident and compliant sales conversations with clients.
Michelle O’Reilly, Managing Director at Alps, commented: “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. 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, added: “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.”
Alps offers a broad suite of add-on covers including sole trader, commercial, landlord and family legal expenses; motor related add-ons including excess protect, tools in transit, vehicle replacement, road rescue; and property related add-ons including landlord excess protect and home emergency, key cover and second property legal expenses. The capacity for its products comes from a growing panel of insurers and it operates a number of delegated authority arrangements, allowing it to offer brokers a fast and efficient service.
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