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VHV Autoversicherung: the policy wording in full
GAP-Deckung als mitversicherbarer Baustein der Vollkaskoversicherung für finanzierte oder geleaste Fahrzeuge, ersetzt den offenen Restbetrag abzüglich Kaskoentschädigung, Leistungen Dritter 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 VHV Autoversicherung.
Basics and eligible contracts
| Point | Rule | Wording (German) | Clause |
|---|---|---|---|
| Form of cover (module of the comprehensive policy or stand-alone contract) | yes | „Ihrem Versicherungsschein können Sie entnehmen, ob Sie die GAP-Deckung mitversichert …“ | A.2.10, page 27 |
| GAP cover included in the comprehensive policy at no extra premium | not addressed | ||
| Fully comprehensive cover is a precondition | yes | „Bei bestehender Vollkaskoversicherung und mitversicherter GAP-Deckung ersetzen wir bei …“ | A.2.10.1, page 27 |
| Partial cover is sufficient (theft, fire, natural hazards) | no | „Bei bestehender Vollkaskoversicherung und mitversicherter GAP-Deckung ersetzen wir bei …“ | A.2.10.1, page 27 |
| Comprehensive policy must be held with the same insurer or intermediary | not addressed | ||
| Leased vehicles covered | yes | „Bei bestehender Vollkaskoversicherung und mitversicherter GAP-Deckung ersetzen wir bei …“ | A.2.10.1, page 27 |
| Loan financed vehicles covered | yes | „Bei bestehender Vollkaskoversicherung und mitversicherter GAP-Deckung ersetzen wir bei …“ | A.2.10.1, page 27 |
| Financing with balloon payment covered | not addressed | ||
| 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 für Elektrofahrzeuge, bei denen ausschließlich der Antriebs-Akkumulator …“ | A.2.10.1, page 27 |
Insured event
| Point | Rule | Wording (German) | Clause |
|---|---|---|---|
| Total loss (destruction) as insured event | yes | „Bei bestehender Vollkaskoversicherung und mitversicherter GAP-Deckung ersetzen wir bei …“ | A.2.10.1, page 27 |
| Constructive total loss (repair costs above replacement value or a fixed percentage) | not addressed | ||
| Theft or loss of the whole vehicle | yes | „Bei bestehender Vollkaskoversicherung und mitversicherter GAP-Deckung ersetzen wir bei …“ | A.2.10.1, page 27 |
| Waiting period after theft before payment | not addressed | ||
| Benefit only if the comprehensive insurer settles the claim | yes | „Wir leisten nicht bevor eine vollständige Regulierung im Rahmen der Kaskoversicherung …“ | A.2.10.4, page 27 |
| Benefit also when a third party liability insurer pays the total loss | yes | „Wir leisten nicht bevor eine vollständige Regulierung im Rahmen der Kaskoversicherung …“ | A.2.10.4, page 27 |
| 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 aus ausstehenden abgezinsten Leasing-Raten …“ | A.2.10.2 a), page 27 |
| Basis for loans: outstanding balance on the date of loss | yes | „Der Finanzierungs-Restbetrag ist der Betrag, der bei vorzeitiger, schadenbedingter …“ | A.2.10.2 b), page 27 |
| Payment of the difference to replacement value or to the comprehensive settlement | yes, up to the sum insured | „den offen stehenden Finanzierungs- oder Leasing-Restbetrag abzüglich der …“ | A.2.10.1, page 27 |
| 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 | „abzüglich der Entschädigungsleistung (unter Berücksichtigung der Rest- und Altteile …“ | A.2.10.1, page 27 |
| Separate deductible within the GAP cover | not addressed | ||
| Salvage value is deducted | yes | „abzüglich der Entschädigungsleistung (unter Berücksichtigung der Rest- und Altteile …“ | A.2.10.1, page 27 |
| Initial lease payment or deposit is taken into account | yes, up to the sum insured | „abgezinsten Leasing-Restwert und noch nicht verbrauchter Leasing-Vorauszahlung“ | A.2.10.2 a), page 27 |
| Extra benefit for replacement (registration, delivery, allowance) | no | „An- und Abmeldekosten sowie Kosten einer Bereitstellung/Abholung oder eventuellen …“ | A.2.10.2, page 27 |
| 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 | „Bei der Ermittlung der zuvor genannten Restbeträge bleiben vor Eintritt des …“ | A.2.10.2, page 27 |
| Excess mileage and wear charges not covered | not addressed | ||
| Early termination and administration fees not covered | not addressed | ||
| Financed extras (insurance premiums, warranty, servicing) not covered | yes | „Kosten einer Kreditabsicherungsversicherung (Restschuldversicherung).“ | A.2.10.2, page 27 |
| 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 | „Eine Leistung aus der GAP-Deckung kann nur erfolgen, wenn bei einem Leasingvertrag …“ | A.2.10.2, page 27 |
| 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 | 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 Rahmen der Schadenregulierung ist bei Leasingverträgen zusätzlich die vom …“ | A.2.10.3, page 27 |
| 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 | „Bei bestehender Vollkaskoversicherung und mitversicherter GAP-Deckung ersetzen wir bei …“ | A.2.10.1, page 27 |
| 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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legally only the wording of your own contract in the edition stated there applies.
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Policy wordings and provider
- Legal entity
- VHV Allgemeine Versicherung AG
- Distribution
- brokers and direct
- Verbraucherinformation Auto / Klassik-Garant 2.0 mit AKB 2015 (KN 0725 PC) Edition: Verbraucherinformation Auto / Klassik-Garant 2.0, KN 0725 PC, Stand 10/2025 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 VHV Autoversicherung and available as plain text.
Volltext VHV Autoversicherung GAP-Versicherung · As text (Markdown) VHV Autoversicherung GAP insurance