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VGH Premium: the policy wording in full
GAP-Versicherung für geleaste oder finanzierte Pkw als Teil der Kaskoleistung im Premium-Tarif, ersetzt den offenen Restbetrag abzüglich Kaskoentschädigung, Restwert und Selbstbeteiligung.
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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 VGH Premium.
Basics and eligible contracts
| Point | Rule | Wording (German) | Clause |
|---|---|---|---|
| Form of cover (module of the comprehensive policy or stand-alone contract) | yes | „In Ergänzung zu A.2.5.1.1 ersetzen wir bei einem geleasten oder finanzierten Pkw …“ | A.2.5.2.1, page 17 |
| GAP cover included in the comprehensive policy at no extra premium | yes | „GAP für Pkw“ | Anhang Leistungsübersicht, page 61 |
| Fully comprehensive cover is a precondition | none | „GAP für Pkw“ | Anhang Leistungsübersicht, page 61 |
| Partial cover is sufficient (theft, fire, natural hazards) | yes | „GAP für Pkw“ | Anhang Leistungsübersicht, page 61 |
| Comprehensive policy must be held with the same insurer or intermediary | not addressed | ||
| Leased vehicles covered | yes | „In Ergänzung zu A.2.5.1.1 ersetzen wir bei einem geleasten oder finanzierten Pkw …“ | A.2.5.2.1, page 17 |
| Loan financed vehicles covered | yes | „In Ergänzung zu A.2.5.1.1 ersetzen wir bei einem geleasten oder finanzierten Pkw …“ | A.2.5.2.1, page 17 |
| 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 | „In Ergänzung zu A.2.5.1.1 ersetzen wir bei einem geleasten oder finanzierten Pkw …“ | A.2.5.2.1, page 17 |
| 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 ausschließlich der Akku geleast oder …“ | A.2.5.2.1, page 17 |
Insured event
| Point | Rule | Wording (German) | Clause |
|---|---|---|---|
| Total loss (destruction) as insured event | yes | „In Ergänzung zu A.2.5.1.1 ersetzen wir bei einem geleasten oder finanzierten Pkw …“ | A.2.5.2.1, page 17 |
| Constructive total loss (repair costs above replacement value or a fixed percentage) | yes | „Ein Totalschaden liegt vor, wenn die erforderlichen Kosten der Reparatur des Fahrzeuges …“ | A.2.5.1.5, page 17 |
| Theft or loss of the whole vehicle | yes | „In Ergänzung zu A.2.5.1.1 ersetzen wir bei einem geleasten oder finanzierten Pkw …“ | A.2.5.2.1, page 17 |
| 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 Leasingrestbetrag ist die Summe aus - ausstehenden abgezinsten Leasingraten …“ | A.2.5.2.2, page 17 |
| Basis for loans: outstanding balance on the date of loss | yes | „Der Finanzierungsrestbetrag ist der Betrag, der bei vorzeitiger, schadenbedingter …“ | A.2.5.2.4, page 17 |
| Payment of the difference to replacement value or to the comprehensive settlement | yes, up to the sum insured | „den offen stehenden Leasing- oder Finanzierungsrestbetrag abzüglich der …“ | A.2.5.2.1, page 17 |
| Payment of the difference to purchase or list price (return to invoice, new for old) | no | „Die Regelungen zur Neupreisentschädigung (A.2.5.1.2) sowie zur Kaufwertentschädigung …“ | A.2.5.2.1, page 17 |
| 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 | „abzüglich der Entschädigungsleistung, der Rest- und Altteile sowie der Selbstbeteiligung“ | A.2.5.2.1, page 17 |
| Separate deductible within the GAP cover | not addressed | ||
| Salvage value is deducted | yes | „abzüglich der Entschädigungsleistung, der Rest- und Altteile sowie der Selbstbeteiligung“ | A.2.5.2.1, page 17 |
| Initial lease payment or deposit is taken into account | yes, up to the sum insured | „abgezinstem Leasingrestwert und - noch nicht verbrauchter“ | A.2.5.2.2, page 17 |
| 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 Schadenfalles fällig gewesene, nicht …“ | A.2.5.2.4, page 17 |
| Excess mileage and wear charges not covered | yes | „Bei Leasingverträgen mit Kilometerabrechnung wird der Leasingrestbetrag um den Aufwand …“ | A.2.5.2.2, page 17 |
| Early termination and administration fees not covered | not addressed | ||
| 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-Versicherung gilt für Leasingverträge auf der Grundlage …“ | A.2.5.2.3, page 17 |
| 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 | „Mitgliedschaft in einem Verband oder Verein zur Leistung oder zur Hilfe verpflichtet …“ | A.2.5.2.6, page 18 |
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 Finanzierungsvertrag sowie den Kaufvertrag für das Fahrzeug müssen Sie uns auf …“ | A.2.5.2.5, page 17 |
| 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 | „In Ergänzung zu A.2.5.1.1 ersetzen wir bei einem geleasten oder finanzierten Pkw …“ | A.2.5.2.1, page 17 |
| 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 in der Kaskoversicherung Versicherungsschutz in den geographischen Grenzen …“ | A.2.4.1, page 16 |
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
- Landschaftliche Brandkasse Hannover
- Distribution
- through tied agents
- VGH Versicherungsbedingungen Kfz (Vertragsinformationen und AKB) Edition: Informationen zur Kfz-Versicherung der Landschaftlichen Brandkasse Hannover, Stand 1. September 2024 (AKB) 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 VGH Premium and available as plain text.
Volltext VGH Premium GAP-Versicherung · As text (Markdown) VGH Premium GAP insurance