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ALTE LEIPZIGER classic: the policy wording in full
GAP-Deckung als Sondervereinbarung in den AKB classic der ALTE LEIPZIGER (K 77.5, Stand 10.2025): ersetzt bei Totalschaden, Zerstörung oder Verlust geleaster und kreditfinanzierter Fahrzeuge die Differenz zwischen Kaskoentschädigung und Leasing-Restbetrag oder Netto-Darlehensbetrag, auch für Krafträder, Campingfahrzeuge und Lkw.
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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 ALTE LEIPZIGER classic.
Basics and eligible contracts
| Point | Rule | Wording (German) | Clause |
|---|---|---|---|
| Form of cover (module of the comprehensive policy or stand-alone contract) | yes | „Sofern besonders vereinbart und im Versicherungsschein als mitversichert ausgewiesen …“ | A 2.5.1.6, page 9 |
| GAP cover included in the comprehensive policy at no extra premium | not addressed | ||
| 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 | „Die GAP-Deckung für ein fremdfinanziertes bzw. geleastes Fahrzeug kann nur in …“ | A 2.5.1.6, page 9 |
| Leased vehicles covered | yes | „bei Leasingfahrzeugen die Differenz zwischen dem Wiederbeschaffungswert / Neupreis / …“ | A 2.5.1.6.5 a, page 9 |
| Loan financed vehicles covered | yes | „Das Darlehen muss nachweislich ausschließlich zur Finanzierung des Fahrzeugs …“ | A 2.5.1.6.5 b, page 9 |
| 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 | „Die GAP-Deckung für ein fremdfinanziertes bzw. geleastes Fahrzeug kann nur in …“ | A 2.5.1.6, page 9 |
| 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 | „Versicherungsschutz besteht für Totalschaden, Zerstörung oder Verlust des Fahrzeugs“ | A 2.5.1.6.2, page 9 |
| Constructive total loss (repair costs above replacement value or a fixed percentage) | yes | „Ein Totalschaden liegt vor, wenn die erforderlichen Kosten der Reparatur des Fahrzeugs …“ | A 2.5.1.8, page 9 |
| Theft or loss of the whole vehicle | yes | „Versicherungsschutz besteht für Totalschaden, Zerstörung oder Verlust des Fahrzeugs“ | A 2.5.1.6.2, page 9 |
| 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 | not addressed | ||
| 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 Leasing-Restbetrag ist die Summe der ausstehenden abgezinsten Netto-Leasing-Raten …“ | A 2.5.1.6.5 a, page 9 |
| Basis for loans: outstanding balance on the date of loss | yes | „dem sich aus dem Darlehensvertrag errechnenden abgezinsten Netto-Darlehensbetrag am …“ | A 2.5.1.6.5 b, page 9 |
| Payment of the difference to replacement value or to the comprehensive settlement | yes, up to the sum insured | „bei Leasingfahrzeugen die Differenz zwischen dem Wiederbeschaffungswert / Neupreis / …“ | A 2.5.1.6.5 a, page 9 |
| 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 | 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 | no | „Die in der Kaskoversicherung mit Ihnen vereinbarte Selbstbeteiligung nach A 2.5.8 wird …“ | A 2.5.1.6.6, page 9 |
| 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 Leasing-Restbetrag ist die Summe der ausstehenden abgezinsten Netto-Leasing-Raten …“ | A 2.5.1.6.5 a, page 9 |
| 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 vor Eintritt des Schadenfalls fällig gewesene, nicht …“ | A 2.5.1.6.5, page 9 |
| Excess mileage and wear charges not covered | yes | „bei Leasingverträgen mit Kilometerabrechnung auch nicht Nachforderungen des …“ | A 2.5.1.6.6, page 9 |
| Early termination and administration fees not covered | yes | „ersetzen wir nicht die Finanzierungs- und Abmeldekosten (z. B. Bearbeitungsgebühren),“ | A 2.5.1.6.6, page 9 |
| 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 Leistung aus der GAP-Deckung gilt für Finanzierungs-/Leasingverträge auf der …“ | A 2.5.1.6, page 9 |
| 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 | yes | „Die GAP-Deckung für ein fremdfinanziertes bzw. geleastes Fahrzeug kann nur in …“ | A 2.5.1.6, page 9 |
| 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 | „Im Schadenfall haben Sie uns den Leasingvertrag, die Abrechnung und die Berechnung des …“ | A 2.5.1.6.5 a, page 9 |
| 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) | yes | „Sie haben Versicherungsschutz in den geographischen Grenzen Europas sowie den …“ | A 2.5.1.6.4, page 9 |
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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legally only the wording of your own contract in the edition stated there applies.
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Policy wordings and provider
- Legal entity
- Alte Leipziger Versicherung Aktiengesellschaft
- Distribution
- brokers and direct
- Bedingungen AKB classic K089 V12 Edition: AKB 2025, K 77.5 classic, 10.2025 Copy hosted by an intermediary, not by the insurer
Full text of the wording
The full text exists only in German.
It is printed on the German page for ALTE LEIPZIGER classic and available as plain text.
Volltext ALTE LEIPZIGER classic GAP-Versicherung · As text (Markdown) ALTE LEIPZIGER classic GAP insurance