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Allianz DifferenzKasko: the policy wording in full
Zusatzvereinbarung DifferenzKasko (FKRB 273/06) zur Vollkasko der Allianz für Nutz- und Flottenfahrzeuge: ersetzt bei Totalschaden oder Entwendung die Lücke zwischen Netto-Leasing-Ablösewert oder Netto-Restkredit und Wiederbeschaffungswert, mindestens 500 Euro, höchstens bis zum Neupreis.
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Everything about this policy
What the policy covers: 70 points, each with its clause
Quotes are shortened.
The full German wording of each point is on the German page for Allianz DifferenzKasko.
Basics and eligible contracts
| Point | Rule | Wording (German) | Clause |
|---|---|---|---|
| Form of cover (module of the comprehensive policy or stand-alone contract) | yes | „Die Zusatzvereinbarung DifferenzKasko (GAP-Deckung) für Leasing- und …“ | Vorbemerkung, page 1 |
| GAP cover included in the comprehensive policy at no extra premium | no | „Die DifferenzKasko (GAP-Deckung) kann nur in Verbindung mit einer Vollkaskoversicherung …“ | Vorbemerkung, page 1 |
| Fully comprehensive cover is a precondition | yes | „Die DifferenzKasko (GAP-Deckung) kann nur in Verbindung mit einer Vollkaskoversicherung …“ | Vorbemerkung, page 1 |
| Partial cover is sufficient (theft, fire, natural hazards) | no | „Die DifferenzKasko (GAP-Deckung) kann nur in Verbindung mit einer Vollkaskoversicherung …“ | Vorbemerkung, page 1 |
| Comprehensive policy must be held with the same insurer or intermediary | yes | „Die Zusatzvereinbarung DifferenzKasko (GAP-Deckung) für Leasing- und …“ | Vorbemerkung, page 1 |
| Leased vehicles covered | yes | „Bei einem geleasten Fahrzeug ersetzen wir die Differenz zwischen dem …“ | Ziffer 1 c, page 1 |
| Loan financed vehicles covered | yes | „Bei einem finanzierten Fahrzeug ersetzen wir die Differenz zwischen der …“ | Ziffer 1 d, page 1 |
| Financing with balloon payment covered | not addressed | ||
| Cash purchase insurable (purchase price protection without financing) | not addressed | ||
| Eligible vehicle types (cars, motorcycles, motorhomes, vans) | yes | „Für Fahrzeuge mit einer zulässigen Gesamtmasse über 3,5 t beträgt die Leistung …“ | Ziffer 3, page 1 |
| Used vehicles insurable | not addressed | ||
| Maximum vehicle age at inception | not addressed | ||
| Maximum insurable purchase price or vehicle value | not addressed | ||
| Leased or rented traction battery included | not addressed |
Insured event
| Point | Rule | Wording (German) | Clause |
|---|---|---|---|
| Total loss (destruction) as insured event | yes | „Ihr Fahrzeug hat einen Totalschaden erlitten oder wurde entwendet.“ | Ziffer 1 b, page 1 |
| Constructive total loss (repair costs above replacement value or a fixed percentage) | yes | „Die Reparaturkosten übersteigen den um den Restwert verminderten Wiederbeschaffungswert.“ | Ziffer 1 b, page 1 |
| Theft or loss of the whole vehicle | yes | „Ihr Fahrzeug hat einen Totalschaden erlitten oder wurde entwendet.“ | Ziffer 1 b, page 1 |
| Waiting period after theft before payment | not addressed | ||
| Benefit only if the comprehensive insurer settles the claim | none | „bei uns nur die Leistung aus dieser Zusatzvereinbarung geltend machen,“ | Ziffer 4, page 1 |
| Benefit also when a third party liability insurer pays the total loss | yes | „von einem Dritten den Fahrzeugschaden nach gesetzlichen Haftpflichtbestimmungen voll …“ | Ziffer 4, page 1 |
| Benefit for repairable damage (no total loss) | no | „Das Fahrzeug darf in diesem Fall zudem nicht repariert werden.“ | Ziffer 1 b, page 1 |
Benefit and calculation
| Point | Rule | Wording (German) | Clause |
|---|---|---|---|
| Basis for leasing: settlement value under the lease contract | yes | „Der Netto-Leasing-Ablösewert ergibt sich aus der Endabrechnung des Leasingvertrags.“ | Ziffer 1 c, page 1 |
| Basis for loans: outstanding balance on the date of loss | yes | „Bei einem finanzierten Fahrzeug ersetzen wir die Differenz zwischen der …“ | Ziffer 1 d, page 1 |
| Payment of the difference to replacement value or to the comprehensive settlement | yes, up to the sum insured | „Bei einem geleasten Fahrzeug ersetzen wir die Differenz zwischen dem …“ | Ziffer 1 c, page 1 |
| Payment of the difference to purchase or list price (return to invoice, new for old) | not addressed | ||
| Duration of purchase price or new value indemnity | not addressed | ||
| Maximum benefit of the GAP cover | yes, up to the sum insured | „(GAP-Deckung) sind in jedem Fall durch den Neupreis des versicherten Fahrzeugs begrenzt.“ | Ziffer 3, page 1 |
| Cap at a percentage of replacement value, purchase price or list price | yes | „Für Fahrzeuge mit einer zulässigen Gesamtmasse über 3,5 t beträgt die Leistung …“ | Ziffer 3, page 1 |
| VAT is reimbursed | not addressed | ||
| Deductible of the comprehensive policy is reimbursed | not addressed | ||
| Separate deductible within the GAP cover | none | „verzichten wir auf einen Abzug der Selbstbeteiligung nach Teil A Ziffer 1.5.7 des …“ | Ziffer 4, page 1 |
| Salvage value is deducted | not addressed | ||
| Initial lease payment or deposit is taken into account | not addressed | ||
| Extra benefit for replacement (registration, delivery, allowance) | not addressed | ||
| Payment made directly to lessor or lender | not addressed |
What reduces the benefit
| Point | Rule | Wording (German) | Clause |
|---|---|---|---|
| Arrears and default interest not covered | yes | „Kein Versicherungsschutz besteht für Nachforderungen des Leasing- oder Darlehensgebers …“ | Ziffer 2, page 1 |
| Excess mileage and wear charges not covered | yes | „Kein Versicherungsschutz besteht für Nachforderungen des Leasing- oder Darlehensgebers …“ | Ziffer 2, page 1 |
| Early termination and administration fees not covered | yes | „Kein Versicherungsschutz besteht für Nachforderungen des Leasing- oder Darlehensgebers …“ | Ziffer 2, page 1 |
| Financed extras (insurance premiums, warranty, servicing) not covered | not addressed | ||
| Deduction for unrepaired previous damage | not addressed | ||
| Reductions of the comprehensive settlement not made up | not addressed | ||
| Limited to customary lease or loan terms | not addressed | ||
| Reduction if the comprehensive policy does not pay full replacement value | not addressed |
Exclusions
| Point | Rule | Wording (German) | Clause |
|---|---|---|---|
| Waiver of the gross negligence defence | not addressed | ||
| Intent excluded | not addressed | ||
| Driving under the influence excluded | not addressed | ||
| Unlicensed or unauthorised driver excluded | not addressed | ||
| Racing and track driving excluded | not addressed | ||
| Taxi, hire car, driving school and rental use excluded | not addressed | ||
| Embezzlement and fraud excluded | not addressed | ||
| War, civil unrest and nuclear energy excluded | not addressed | ||
| Subsidiary to other insurance | not addressed |
Duties after a loss
| Point | Rule | Wording (German) | Clause |
|---|---|---|---|
| Deadline for notifying a claim | not addressed | ||
| Documents to submit (lease or loan contract, settlement statement, casco settlement) | yes | „Zum Nachweis benötigen wir den Leasingvertrag und die Abrechnung des Leasinggebers.“ | Ziffer 1 c, page 1 |
| Police report required after theft | not addressed | ||
| Insurer's consent before disposal or sale of the wreck | not addressed | ||
| Payment period after assessment | not addressed |
Term and contract
| Point | Rule | Wording (German) | Clause |
|---|---|---|---|
| Term linked to the lease or loan contract | not addressed | ||
| Maximum term of the GAP cover | not addressed | ||
| Ends on redemption, end of contract or transfer of ownership | not addressed | ||
| Premium refund on early termination (single premium) | not addressed | ||
| Premium payment (single, financed, ongoing with the casco premium) | not addressed | ||
| Ordinary cancellation of the module or contract | not addressed | ||
| Vehicle change or transfer to a successor vehicle | not addressed | ||
| GAP cover continues after a change of comprehensive insurer | not addressed | ||
| Territorial scope (Europe, green card countries) | not addressed |
Spain specifics
| Point | Rule | Wording (German) | Clause |
|---|---|---|---|
| Indemnity at new value (valor a nuevo): years from first registration | not addressed | ||
| Enhanced market value after the new value period (valor venal mejorado) | not addressed | ||
| New value only for the first owner | not addressed | ||
| Clause in favour of the lender (loss payee, retention of title) | not addressed |
Evaluated by NAMMERT from published policy wordings.
Despite care, a value may be misread;
legally only the wording of your own contract in the edition stated there applies.
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Policy wordings and provider
- Legal entity
- Allianz Versicherungs-Aktiengesellschaft
- Distribution
- through tied agents
- Besondere Bedingungen DifferenzKasko (FKRB 0273) Edition: FKRB 273/06, 09.2024 Original from the insurer (PDF, German)
Full text of the wording
The full text exists only in German.
It is printed on the German page for Allianz DifferenzKasko and available as plain text.
Volltext Allianz DifferenzKasko GAP-Versicherung · As text (Markdown) Allianz DifferenzKasko GAP insurance