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Provinzial Nord: the policy wording in full
GAP-Versicherung als besonders zu vereinbarender Teil der Kasko für Leasing- und kreditfinanzierte Fahrzeuge, ersetzt die Differenz zwischen Restbetrag und Wiederbeschaffungswert.
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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 Provinzial Nord.
Basics and eligible contracts
| Point | Rule | Wording (German) | Clause |
|---|---|---|---|
| Form of cover (module of the comprehensive policy or stand-alone contract) | yes | „GAP-Versicherung bei Leasing- und kreditfinanzierten Fahrzeugen“ | A.2.5.2, page 23 |
| GAP cover included in the comprehensive policy at no extra premium | no | „Falls besonders vereinbart und sofern nicht anderweitig versichert, ersetzen wir bei …“ | A.2.5.2.1, page 23 |
| 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 | not addressed | ||
| Leased vehicles covered | yes | „Falls besonders vereinbart und sofern nicht anderweitig versichert, ersetzen wir bei …“ | A.2.5.2.1, page 23 |
| Loan financed vehicles covered | yes | „Falls besonders vereinbart und sofern nicht anderweitig versichert, ersetzen wir bei …“ | A.2.5.2.1, page 23 |
| Financing with balloon payment covered | yes | „Der Kredit-Restbetrag ist die Summe aus ausstehenden abgezinsten Kreditraten und …“ | A.2.5.2.3, page 23 |
| 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 | no | „Dies gilt nicht im Falle einer Abrechnung nach A.2.5.3.1.b) oder wenn bei einem …“ | A.2.5.2.1, page 23 |
Insured event
| Point | Rule | Wording (German) | Clause |
|---|---|---|---|
| Total loss (destruction) as insured event | yes | „Falls besonders vereinbart und sofern nicht anderweitig versichert, ersetzen wir bei …“ | A.2.5.2.1, page 23 |
| Constructive total loss (repair costs above replacement value or a fixed percentage) | not addressed | ||
| Theft or loss of the whole vehicle | yes | „Falls besonders vereinbart und sofern nicht anderweitig versichert, ersetzen wir bei …“ | A.2.5.2.1, page 23 |
| 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 | no | „Soweit im Schadenfall ein Dritter Ihnen oder dem Leasing- bzw. Kreditgeber gegenüber …“ | A.2.5.2.6, page 23 |
| Benefit for repairable damage (no total loss) | no | „Dies gilt nicht im Falle einer Abrechnung nach A.2.5.3.1.b) oder wenn bei einem …“ | A.2.5.2.1, page 23 |
Benefit and calculation
| Point | Rule | Wording (German) | Clause |
|---|---|---|---|
| Basis for leasing: settlement value under the lease contract | yes | „Der Leasing-Restbetrag ist die Summe aus der ab dem Zeitpunkt des Schadens ausstehenden …“ | A.2.5.2.2, page 23 |
| Basis for loans: outstanding balance on the date of loss | yes | „Der Kredit-Restbetrag ist die Summe aus ausstehenden abgezinsten Kreditraten und …“ | A.2.5.2.3, page 23 |
| Payment of the difference to replacement value or to the comprehensive settlement | yes, up to the sum insured | „Falls besonders vereinbart und sofern nicht anderweitig versichert, ersetzen wir bei …“ | A.2.5.2.1, page 23 |
| 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 | yes, up to the sum insured | „Der Leasing-Restbetrag ist die Summe aus der ab dem Zeitpunkt des Schadens ausstehenden …“ | A.2.5.2.2, page 23 |
| 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 Schadens fällig gewesene, nicht bezahlte …“ | A.2.5.2.2, page 23 |
| Excess mileage and wear charges not covered | yes | „Bei Leasingverträgen mit Kilometerabrechnung wird der Leasingrestbetrag um den Aufwand …“ | A.2.5.2.2, page 23 |
| Early termination and administration fees not covered | not addressed | ||
| Financed extras (insurance premiums, warranty, servicing) not covered | yes | „Full-Service-Segmente wie z. B. Wartung, Verschleißreparaturen, Reifen usw. fallen …“ | A.2.5.2.2, page 23 |
| 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 Leasing bzw. Kreditverträge auf der Grundlage …“ | A.2.5.2.4, page 23 |
| 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 | „Soweit im Schadenfall ein Dritter Ihnen oder dem Leasing- bzw. Kreditgeber gegenüber …“ | A.2.5.2.6, page 23 |
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 | „Alle erforderlichen Unterlagen sind uns auf Verlangen vorzulegen.“ | A.2.5.2.5, page 23 |
| Police report required after theft | not addressed | ||
| Insurer's consent before disposal or sale of the wreck | yes | „Sie sind verpflichtet, uns vor Ausgleich der Forderung des Leasing- bzw. Kreditgebers …“ | A.2.5.2.5, page 23 |
| Payment period after assessment | not addressed |
Term and contract
| Point | Rule | Wording (German) | Clause |
|---|---|---|---|
| Term linked to the lease or loan contract | yes | „Falls besonders vereinbart und sofern nicht anderweitig versichert, ersetzen wir bei …“ | A.2.5.2.1, page 23 |
| 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 |
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Policy wordings and provider
- Legal entity
- Provinzial Nord Brandkasse Aktiengesellschaft
- Distribution
- through tied agents
- pnb ki 3 02 009 1 0035 0 09 2024 510 100 kib kfz privat gewerbe cd version Edition: Kundeninformation Kfz-Versicherung Privat / Gewerbe, Stand 09.2024 (Druck 01.09.2026) 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 Provinzial Nord and available as plain text.
Volltext Provinzial Nord GAP-Versicherung · As text (Markdown) Provinzial Nord GAP insurance