Insurance broker / GAP insurance in Germany (for leased and financed cars) / Policy wording archive GAP insurance
VOLKSWOHL BUND Best: the policy wording in full
GAP-Deckung (Differenzkasko) als Baustein zur Vollkaskoversicherung im Tarif Best für geleaste oder kreditfinanzierte Fahrzeuge, begrenzt auf 20 % des Wiederbeschaffungswertes.
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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 VOLKSWOHL BUND Best.
Basics and eligible contracts
| Point | Rule | Wording (German) | Clause |
|---|---|---|---|
| Form of cover (module of the comprehensive policy or stand-alone contract) | yes | „Haben Sie für Ihr geleastes oder kreditfinanziertes Fahrzeug zusätzlich zu Ihrer …“ | A.2.11.1, page 20 |
| GAP cover included in the comprehensive policy at no extra premium | not addressed | ||
| Fully comprehensive cover is a precondition | yes | „Haben Sie für Ihr geleastes oder kreditfinanziertes Fahrzeug zusätzlich zu Ihrer …“ | A.2.11.1, page 20 |
| Partial cover is sufficient (theft, fire, natural hazards) | no | „Versicherungsschutz besteht bei Totalschaden, Zerstörung oder Verlust des Fahrzeugs …“ | A.2.11.2, page 20 |
| Comprehensive policy must be held with the same insurer or intermediary | not addressed | ||
| Leased vehicles covered | yes | „Haben Sie für Ihr geleastes oder kreditfinanziertes Fahrzeug zusätzlich zu Ihrer …“ | A.2.11.1, page 20 |
| Loan financed vehicles covered | yes | „Haben Sie für Ihr geleastes oder kreditfinanziertes Fahrzeug zusätzlich zu Ihrer …“ | A.2.11.1, page 20 |
| 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 | not addressed |
Insured event
| Point | Rule | Wording (German) | Clause |
|---|---|---|---|
| Total loss (destruction) as insured event | yes | „Versicherungsschutz besteht bei Totalschaden, Zerstörung oder Verlust des Fahrzeugs …“ | A.2.11.2, page 20 |
| Constructive total loss (repair costs above replacement value or a fixed percentage) | yes | „Voraussetzung ist, dass die erforderlichen Reparaturkosten den um den Restwert des …“ | A.2.11.5, page 21 |
| Theft or loss of the whole vehicle | yes | „Versicherungsschutz besteht bei Totalschaden, Zerstörung oder Verlust des Fahrzeugs …“ | A.2.11.2, page 20 |
| 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) | no | „übersteigen und das Fahrzeug nicht“ | A.2.11.5, page 21 |
Benefit and calculation
| Point | Rule | Wording (German) | Clause |
|---|---|---|---|
| Basis for leasing: settlement value under the lease contract | yes | „Restbetrag ist die Summe der ausstehenden abgezinsten Leasing-Raten, anteiliger …“ | A.2.11.5 a, page 20 |
| Basis for loans: outstanding balance on the date of loss | yes | „Kündigung des Darlehensvertrages an die Bank zu zahlen ist. Der Betrag vermindert sich …“ | A.2.11.5 b, page 21 |
| Payment of the difference to replacement value or to the comprehensive settlement | yes, up to the sum insured | „bei Leasingfahrzeugen die Differenz zwischen dem Wiederbeschaffungswert und dem sich aus …“ | A.2.11.5 a, page 20 |
| 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 | yes, up to the sum insured | „Unsere Entschädigung nach A.2.11.5 ist beschränkt auf 20 % des Wiederbeschaffungswertes …“ | A.2.11.6, page 21 |
| Cap at a percentage of replacement value, purchase price or list price | yes | „Unsere Entschädigung nach A.2.11.5 ist beschränkt auf 20 % des Wiederbeschaffungswertes …“ | A.2.11.6, page 21 |
| VAT is reimbursed | not addressed | ||
| Deductible of the comprehensive policy is reimbursed | no | „Die in der Vollkaskoversicherung mit Ihnen vereinbarte Selbstbeteiligung wird nicht …“ | A.2.11.7, page 21 |
| 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 | „abgezinstem Leasing-Restwert und noch nicht verbrauchter Mietvorauszahlung“ | A.2.11.5 a, page 20 |
| Extra benefit for replacement (registration, delivery, allowance) | no | „Neben den Regelungen in A.2.5.7 ersetzen wir keine Finanzierungs- und Abmeldekosten.“ | A.2.11.7, page 21 |
| 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.2.11.5, page 21 |
| Excess mileage and wear charges not covered | yes | „ersetzen wir auch keine Nachforderungen des Leasinggebers wegen Überschreitung der“ | A.2.11.7, page 21 |
| Early termination and administration fees not covered | yes | „Neben den Regelungen in A.2.5.7 ersetzen wir keine Finanzierungs- und Abmeldekosten.“ | A.2.11.7, page 21 |
| 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 Ersatzleistung ist beschränkt auf für Leasing- und Kreditverträge marktübliche …“ | A.2.11.5, page 21 |
| 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 | yes | „Im Falle der grob fahrlässigen Herbeiführung des Schadens gelten die Regelung in …“ | A.2.11.6, page 21 |
| Intent excluded | yes | „Kein Versicherungsschutz besteht für Schäden, die Sie vorsätzlich herbeiführen.“ | A.2.9.1 (über A.2.11.8), page 20 |
| Driving under the influence excluded | yes | „die Herbeiführung des Versicherungsfalles in Folge des Genusses alkoholischer Getränke …“ | A.2.9.1 (über A.2.11.6), page 20 |
| Unlicensed or unauthorised driver excluded | not addressed | ||
| Racing and track driving excluded | yes | „Darüber hinaus besteht kein Versicherungsschutz für jegliche Fahrten auf …“ | A.2.9.2 (über A.2.11.8), page 20 |
| Taxi, hire car, driving school and rental use excluded | not addressed | ||
| Embezzlement and fraud excluded | not addressed | ||
| War, civil unrest and nuclear energy excluded | yes | „beben, Kriegsereignisse, innere Unruhen oder Maßnahmen der Staatsgewalt unmittelbar …“ | A.2.9.4 (über A.2.11.8), page 20 |
| 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 Schadenfall haben Sie uns den Finanzierungsvertrag und die entsprechende Abrechnung …“ | A.2.11.5 b, page 21 |
| 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 | yes | „Die GAP-Deckung können Sie auch zum Ende des Leasingvertrages bzw. Kreditvertrages …“ | G.2.12, page 32 |
| 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 | yes | „Sie können die GAP-Deckung gemäß A.2.11 zum Ablauf des Versicherungsjahres kündigen …“ | G.2.12, page 32 |
| Vehicle change or transfer to a successor vehicle | not addressed | ||
| GAP cover continues after a change of comprehensive insurer | no | „Im Fall der Beendigung der Vollkaskoversicherung endet auch die GAP-Deckung, ohne dass …“ | G.2.12, page 32 |
| Territorial scope (Europe, green card countries) | yes | „Sie haben Versicherungsschutz in den geographischen Grenzen Europas sowie den …“ | A.2.11.4, page 20 |
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
- VOLKSWOHL-BUND SACHVERSICHERUNG AKTIENGESELLSCHAFT
- Distribution
- available through brokers
- Verbraucherinformationen Kraftfahrt (Vertragsinformationen, Produktübersicht, Bedingungen) Edition: Verbraucherinformation Kraftfahrt, prokundo VI Kfz 07.2026 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 VOLKSWOHL BUND Best and available as plain text.
Volltext VOLKSWOHL BUND Best GAP-Versicherung · As text (Markdown) VOLKSWOHL BUND Best GAP insurance