Insurance broker / GAP insurance in Germany (for leased and financed cars) / Policy wording archive GAP insurance
Neodigital NEO M: the policy wording in full
Differenzkasko (GAP-Deckung) ist in der Kasko mitversichert und schließt bei Totalschaden oder Entwendung die Lücke zum offenen, abgezinsten Saldo aus Leasing oder Kredit.
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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 Neodigital NEO M.
Basics and eligible contracts
| Point | Rule | Wording (German) | Clause |
|---|---|---|---|
| Form of cover (module of the comprehensive policy or stand-alone contract) | yes | „GAP-Deckung (Differenzkasko) bei bei Leasing oder Finanzierung“ | A.2.6.1, GAP-Deckung (Differenzkasko), page 12 |
| GAP cover included in the comprehensive policy at no extra premium | yes | „In der Kasko ist mitversichert: • Differenzkasko“ | A.2, Was ist versichert, page 6 |
| 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 | „In der Kasko ist mitversichert: • Differenzkasko“ | A.2, Was ist versichert, page 6 |
| Leased vehicles covered | yes | „Die GAP-Deckung gilt für geleaste oder finanzierte Pkw, Krafträder/-roller …“ | A.2.6.1, GAP-Deckung (Differenzkasko), page 12 |
| Loan financed vehicles covered | yes | „Die GAP-Deckung gilt für geleaste oder finanzierte Pkw, Krafträder/-roller …“ | A.2.6.1, GAP-Deckung (Differenzkasko), page 12 |
| 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 gilt für geleaste oder finanzierte Pkw, Krafträder/-roller …“ | A.2.6.1, GAP-Deckung (Differenzkasko), page 12 |
| 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 | „Bei Totalschaden, Zerstörung oder Verlust eines geleasten oder finanzierten Pkw gilt:“ | A.2.6.1, GAP-Deckung (Differenzkasko), page 12 |
| 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.2.6.1, page 12 |
| Theft or loss of the whole vehicle | yes | „Hatte Ihr geleastes oder finanziertes Fahrzeug einen Totalschaden, oder wurde es …“ | A.2.6.1, GAP-Deckung (Differenzkasko), page 12 |
| 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 | „Nehmen Sie ausschließlich Leistungen aus der GAP-Deckung in Anspruch? Beispielsweise …“ | A.2.6.1, GAP-Deckung (Differenzkasko), page 12 |
| 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 | „Wir zahlen auch die etwaige Differenz zwischen der vereinbarten Höchstentschädigung und …“ | A.2.6.1, GAP-Deckung (Differenzkasko), page 12 |
| Basis for loans: outstanding balance on the date of loss | yes | „Wir zahlen auch die etwaige Differenz zwischen der vereinbarten Höchstentschädigung und …“ | A.2.6.1, GAP-Deckung (Differenzkasko), page 12 |
| Payment of the difference to replacement value or to the comprehensive settlement | yes, up to the sum insured | „Wir zahlen auch die etwaige Differenz zwischen der vereinbarten Höchstentschädigung und …“ | A.2.6.1, GAP-Deckung (Differenzkasko), page 12 |
| 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 | 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 | 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 | „Wir leisten jedoch nicht für: • rückständige Raten • unreparierte Vorschäden • eine …“ | A.2.6.1, GAP-Deckung (Differenzkasko), page 12 |
| Excess mileage and wear charges not covered | yes | „Wir leisten jedoch nicht für: • rückständige Raten • unreparierte Vorschäden • eine …“ | A.2.6.1, GAP-Deckung (Differenzkasko), page 12 |
| Early termination and administration fees not covered | not addressed | ||
| Financed extras (insurance premiums, warranty, servicing) not covered | not addressed | ||
| Deduction for unrepaired previous damage | yes | „Wir leisten jedoch nicht für: • rückständige Raten • unreparierte Vorschäden • eine …“ | A.2.6.1, GAP-Deckung (Differenzkasko), page 12 |
| 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 | yes | „Etwaige Ersatzleistungen eines gegnerischen Haftpflichtversicherers rechnen wir an.“ | A.2.6.1, GAP-Deckung (Differenzkasko), page 12 |
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 | yes | „Hatte Ihr geleastes oder finanziertes Fahrzeug einen Totalschaden, oder wurde es …“ | A.2.6.1, GAP-Deckung (Differenzkasko), page 12 |
| 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
- Neodigital Autoversicherung AG
- Distribution
- brokers and direct
- Kfz Bedingungen NEO M Edition: Versicherungsbedingungen und Informationen zur Kfz-Versicherung NEO M, Fassung laut Liste AKB KFZ_NDA_2026_V01_B 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 Neodigital NEO M and available as plain text.
Volltext Neodigital NEO M GAP-Versicherung · As text (Markdown) Neodigital NEO M GAP insurance