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SAARLAND Versicherungen SAARLAND Kraftfahrtversicherung Vario: the policy wording in full
GAP-Versicherung für leasing- und kreditfinanzierte Pkw als Leistung des Ergänzungsschutzes VollkaskoPLUS, 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 SAARLAND Versicherungen SAARLAND
Kraftfahrtversicherung Vario.
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.2.5.6, page 6 |
| GAP cover included in the comprehensive policy at no extra premium | no | „Den Ergänzungsschutz VollkaskoPLUS können Sie nur als Paket abschließen.“ | A.2.5.1, page 5 |
| Fully comprehensive cover is a precondition | yes | „Den Ergänzungsschutz VollkaskoPLUS können Sie nur als Paket abschließen.“ | A.2.5.1, page 5 |
| Partial cover is sufficient (theft, fire, natural hazards) | no | „Den Ergänzungsschutz VollkaskoPLUS können Sie nur als Paket abschließen.“ | A.2.5.1, page 5 |
| Comprehensive policy must be held with the same insurer or intermediary | yes | „Den Ergänzungsschutz VollkaskoPLUS können Sie nur als Paket abschließen.“ | A.2.5.1, page 5 |
| Leased vehicles covered | yes | „In Ergänzung zu A.2.8.1 ersetzen wir die Differenz zwischen dem (Netto-) Leasing- bzw …“ | A.2.5.6, page 6 |
| Loan financed vehicles covered | yes | „In Ergänzung zu A.2.8.1 ersetzen wir die Differenz zwischen dem (Netto-) Leasing- bzw …“ | A.2.5.6, page 6 |
| Financing with balloon payment covered | yes | „Der Kreditrestbetrag ist die Summe aus ausstehenden abgezinsten Kreditraten und …“ | A.2.5.6, page 6 |
| Cash purchase insurable (purchase price protection without financing) | not addressed | ||
| Eligible vehicle types (cars, motorcycles, motorhomes, vans) | yes | „Kraftfahrtversicherung Vario für Pkw ohne Vermietung“ | Titel des Werks, 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 | no | „Dies gilt nicht, wenn bei einem Elektrofahrzeug nur der Akku geleast ist.“ | A.2.5.6, page 6 |
Insured event
| Point | Rule | Wording (German) | Clause |
|---|---|---|---|
| Total loss (destruction) as insured event | yes | „In Ergänzung zu A.2.8.1 ersetzen wir die Differenz zwischen dem (Netto-) Leasing- bzw …“ | A.2.5.6, page 6 |
| Constructive total loss (repair costs above replacement value or a fixed percentage) | not addressed | ||
| Theft or loss of the whole vehicle | yes | „In Ergänzung zu A.2.8.1 ersetzen wir die Differenz zwischen dem (Netto-) Leasing- bzw …“ | A.2.5.6, page 6 |
| 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 gegenüber aufgrund eines Vertrags oder einer …“ | A.3.11.1, page 11 |
| 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 aus ausstehenden abgezinsten Leasingraten …“ | A.2.5.6, page 6 |
| Basis for loans: outstanding balance on the date of loss | yes | „Der Kreditrestbetrag ist die Summe aus ausstehenden abgezinsten Kreditraten und …“ | A.2.5.6, page 6 |
| Payment of the difference to replacement value or to the comprehensive settlement | yes, up to the sum insured | „In Ergänzung zu A.2.8.1 ersetzen wir die Differenz zwischen dem (Netto-) Leasing- bzw …“ | A.2.5.6, page 6 |
| 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 | no | „In Ergänzung zu A.2.8.1 ersetzen wir die Differenz zwischen dem (Netto-) Leasing- bzw …“ | A.2.5.6, page 6 |
| 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 aus ausstehenden abgezinsten Leasingraten …“ | A.2.5.6, page 6 |
| 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.2.5.6, page 6 |
| Excess mileage and wear charges not covered | yes | „Bei Leasingverträgen mit Kilometerabrechnung wird der Leasingrestbetrag um den Aufwand …“ | A.2.5.6, page 6 |
| Early termination and administration fees not covered | not addressed | ||
| Financed extras (insurance premiums, warranty, servicing) not covered | yes | „Das Darlehen muss nachweislich ausschließlich zur Finanzierung des Fahrzeugs …“ | A.2.5.6, page 6 |
| 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-Versicherung gilt für Leasing- bzw. Kreditverträge auf der …“ | A.2.5.6, page 6 |
| 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 gegenüber aufgrund eines Vertrags oder einer …“ | A.3.11.1, page 11 |
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 | „Den Leasingvertrag bzw. den Kreditvertrag müssen Sie uns auf Verlangen vorlegen.“ | A.2.5.6, page 6 |
| 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.
Please report errors, we correct them the same day.
Policy wordings and provider
- Legal entity
- SAARLAND Feuerversicherung Aktiengesellschaft
- Distribution
- through tied agents
- Kraftfahrtversicherung Vario für Pkw ohne Vermietung, AKB und Sonderbedingungen FahrStil (Anlage 3617) Edition: AKB Stand 1. Juli 2021, Anlage 3617 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 SAARLAND Versicherungen SAARLAND Kraftfahrtversicherung Vario
and available as plain text.
Volltext SAARLAND Versicherungen SAARLAND Kraftfahrtversicherung Vario GAP-Versicherung · As text (Markdown) SAARLAND Versicherungen SAARLAND Kraftfahrtversicherung Vario GAP insurance