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Allianz Direct Plus: the policy wording in full
Produktlinie Direct Plus der Allianz Direct Kfz-Versicherung (Bedingungen 04/2026): GAP-Deckung in der Kasko für Leasing- und kreditfinanzierte Fahrzeuge bei Totalschaden oder Diebstahl, begrenzt auf marktübliche Zinsen und Laufzeiten.
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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 Direct Plus.
Basics and eligible contracts
| Point | Rule | Wording (German) | Clause |
|---|---|---|---|
| Form of cover (module of the comprehensive policy or stand-alone contract) | yes | „Entscheidest du dich für die Produktlinie Direct Plus verbessern sich die Leistungen …“ | Teil A.7, page 20 |
| GAP cover included in the comprehensive policy at no extra premium | yes | „Entscheidest du dich für die Produktlinie Direct Plus verbessern sich die Leistungen …“ | Teil A.7, page 20 |
| Fully comprehensive cover is a precondition | not addressed | ||
| Partial cover is sufficient (theft, fire, natural hazards) | not addressed | ||
| Comprehensive policy must be held with the same insurer or intermediary | yes | „Hat dein Fahrzeug einen Totalschaden oder wurde gestohlen, zahlen wir in Ergänzung zu …“ | Teil A.7 Ziffer 2, GAP-Deckung, page 22 |
| Leased vehicles covered | yes | „bei Leasingfahrzeugen die Differenz zwischen dem Leasingrestbetrag aus dem …“ | Teil A.7 Ziffer 2, GAP-Deckung, page 22 |
| Loan financed vehicles covered | yes | „bei kreditfinanzierten Fahrzeugen die Differenz zwischen dem abgezinsten …“ | Teil A.7 Ziffer 2, GAP-Deckung, page 22 |
| Financing with balloon payment covered | not addressed | ||
| Cash purchase insurable (purchase price protection without financing) | not addressed | ||
| Eligible vehicle types (cars, motorcycles, motorhomes, vans) | not addressed | ||
| 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 | „Hat dein Fahrzeug einen Totalschaden oder wurde gestohlen, zahlen wir in Ergänzung zu …“ | Teil A.7 Ziffer 2, GAP-Deckung, page 22 |
| Constructive total loss (repair costs above replacement value or a fixed percentage) | not addressed | ||
| Theft or loss of the whole vehicle | yes | „Hat dein Fahrzeug einen Totalschaden oder wurde gestohlen, zahlen wir in Ergänzung zu …“ | Teil A.7 Ziffer 2, GAP-Deckung, page 22 |
| Waiting period after theft before payment | not addressed | ||
| Benefit only if the comprehensive insurer settles the claim | not addressed | ||
| Benefit also when a third party liability insurer pays the total loss | yes | „Leistungen eines gegnerischen Haftpflichtversicherers werden auf unsere Leistung …“ | Teil A.7 Ziffer 2, GAP-Deckung, page 22 |
| Benefit for repairable damage (no total loss) | not addressed |
Benefit and calculation
| Point | Rule | Wording (German) | Clause |
|---|---|---|---|
| Basis for leasing: settlement value under the lease contract | yes | „Der Leasingrestbetrag ist die Summe der ausstehenden abgezinsten Leasingraten …“ | Teil A.7 Ziffer 2, GAP-Deckung, page 22 |
| Basis for loans: outstanding balance on the date of loss | yes | „Der Betrag vermindert sich um den Zinsvorteil, den die Bank durch die vorzeitige …“ | Teil A.7 Ziffer 2, GAP-Deckung, page 22 |
| Payment of the difference to replacement value or to the comprehensive settlement | yes, up to the sum insured | „bei Leasingfahrzeugen die Differenz zwischen dem Leasingrestbetrag aus dem …“ | Teil A.7 Ziffer 2, GAP-Deckung, page 22 |
| Payment of the difference to purchase or list price (return to invoice, new for old) | yes, up to the sum insured | „Falls dir eine höhere Zahlung aus der Kaufpreis- oder Neupreisentschädigung zusteht …“ | Teil A.7 Ziffer 2, GAP-Deckung, page 22 |
| Duration of purchase price or new value indemnity | yes | „innerhalb der ersten 24 Monate nach erstmaliger Zulassung auf den jetzigen Halter“ | Teil A.7 Ziffer 2, Kaufpreisentschädigung, page 21 |
| Maximum benefit of the GAP cover | not addressed | ||
| Cap at a percentage of replacement value, purchase price or list price | not addressed | ||
| VAT is reimbursed | not addressed | ||
| Deductible of the comprehensive policy is reimbursed | not addressed | ||
| Separate deductible within the GAP cover | not addressed | ||
| Salvage value is deducted | not addressed | ||
| Initial lease payment or deposit is taken into account | yes, up to the sum insured | „Der Leasingrestbetrag ist die Summe der ausstehenden abgezinsten Leasingraten …“ | Teil A.7 Ziffer 2, GAP-Deckung, page 22 |
| 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 | „Nicht berücksichtigt werden ... Leasingraten, Verzugszinsen, Finanzierungskosten und …“ | Teil A.7 Ziffer 2, GAP-Deckung, page 22 |
| Excess mileage and wear charges not covered | yes | „Nicht berücksichtigt werden ... Leasingraten, Verzugszinsen, Finanzierungskosten und …“ | Teil A.7 Ziffer 2, GAP-Deckung, page 22 |
| Early termination and administration fees not covered | yes | „Nicht berücksichtigt werden ... Leasingraten, Verzugszinsen, Finanzierungskosten und …“ | Teil A.7 Ziffer 2, GAP-Deckung, page 22 |
| 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 | yes | „Die Ersatzleistung ist beschränkt auf ... Leasing- und Darlehensverträge marktübliche …“ | Teil A.7 Ziffer 2, GAP-Deckung, page 22 |
| 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) | not addressed | ||
| 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.
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Policy wordings and provider
- Legal entity
- Allianz Direct Versicherungs-AG
- Distribution
- direct from the insurer only
- Allgemeine Bedingungen für deine Allianz Direct Kfz-Versicherung Edition: 04/2026 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 Direct Plus and available as plain text.
Volltext Allianz Direct Plus GAP-Versicherung · As text (Markdown) Allianz Direct Plus GAP insurance