Insurance broker / GAP insurance in Germany (for leased and financed cars) / Policy wording archive GAP insurance
WGV Optimal: the policy wording in full
Im OPTIMAL-Tarif ist die GAP-Deckung für geleaste oder kreditfinanzierte Fahrzeuge in der Vollkasko mitversichert und ersetzt den offenen Restbetrag bis zum Neupreis.
German market: tariffs for people living in Germany.
Done in two minutes: your details are enough, we take care of the rest.
- Free for you, same price as going direct
- 4.98 out of 5 stars from 5,042 reviews
- On your side when you claim
Take out this policy through NAMMERT
You have already worked out with your AI what fits you.
All we need now are your details and a few answers.
We prepare your application with WGV.
- AI has advised
- 2Your details
- Application to WGV
Thank you, we have your application.
We prepare it with WGV and get back to you with the documents.
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 WGV Optimal.
Basics and eligible contracts
| Point | Rule | Wording (German) | Clause |
|---|---|---|---|
| Form of cover (module of the comprehensive policy or stand-alone contract) | yes | „Bei Abschluss des OPTIMAL-Tarifs ist in der Vollkaskoversicherung eine GAP-Deckung für …“ | Produktinformation Nr. 3, page 6 |
| GAP cover included in the comprehensive policy at no extra premium | yes | „Bei Abschluss des OPTIMAL-Tarifs ist in der Vollkaskoversicherung eine GAP-Deckung für …“ | Produktinformation Nr. 3, page 6 |
| Fully comprehensive cover is a precondition | yes | „Bei Abschluss des OPTIMAL-Tarifs ist in der Vollkaskoversicherung eine GAP-Deckung für …“ | Produktinformation Nr. 3, page 6 |
| Partial cover is sufficient (theft, fire, natural hazards) | no | „Bei Abschluss des OPTIMAL-Tarifs ist in der Vollkaskoversicherung eine GAP-Deckung für …“ | Produktinformation Nr. 3, page 6 |
| Comprehensive policy must be held with the same insurer or intermediary | not addressed | ||
| Leased vehicles covered | yes | „Zerstörung oder Verlust eines geleasten oder ... Fahrzeugs während der Laufzeit des …“ | A.2.5.1.13 a, page 17 |
| Loan financed vehicles covered | yes | „Zerstörung oder Verlust eines geleasten oder ... Fahrzeugs während der Laufzeit des …“ | A.2.5.1.13 a, 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) | 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 | „Die GAP-Deckung gilt nicht, wenn bei einem Elektrofahrzeug ausschließlich der Akku …“ | A.2.5.1.13 a, page 17 |
Insured event
| Point | Rule | Wording (German) | Clause |
|---|---|---|---|
| Total loss (destruction) as insured event | yes | „Zerstörung oder Verlust eines geleasten oder ... Fahrzeugs während der Laufzeit des …“ | A.2.5.1.13 a, page 17 |
| Constructive total loss (repair costs above replacement value or a fixed percentage) | not addressed | ||
| Theft or loss of the whole vehicle | yes | „Zerstörung oder Verlust eines geleasten oder ... Fahrzeugs während der Laufzeit des …“ | A.2.5.1.13 a, page 17 |
| Waiting period after theft before payment | yes | „Wird das entwendete Fahrzeug innerhalb eines Monats nach Eingang der in Textform …“ | A.2.5.5.1, page 18 |
| Benefit only if the comprehensive insurer settles the claim | not addressed | ||
| Benefit also when a third party liability insurer pays the total loss | yes | „Etwaige Ersatzleistungen eines gegnerischen Haftpflichtversicherers werden angerechnet.“ | A.2.5.1.13 a, page 17 |
| 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 | „Bei Leasingfahrzeugen erstatten wir den Ablösewert des Fahrzeugs, der sich aus der …“ | A.2.5.1.13 a, page 17 |
| Basis for loans: outstanding balance on the date of loss | yes | „Bei kreditfinanzierten Fahrzeugen erstatten wir den Betrag, der bei vorzeitiger …“ | A.2.5.1.13 a, page 17 |
| Payment of the difference to replacement value or to the comprehensive settlement | yes, up to the sum insured | „Zerstörung oder Verlust eines geleasten oder ... Fahrzeugs während der Laufzeit des …“ | A.2.5.1.13 a, page 17 |
| 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 Ersatzleistung ist begrenzt auf den Neupreis nach A.2.5.1.12.“ | A.2.5.1.13 a, page 17 |
| Cap at a percentage of replacement value, purchase price or list price | not addressed | ||
| VAT is reimbursed | yes | „Mehrwertsteuer erstatten wir nur, wenn und soweit diese für Sie bei der von Ihnen …“ | A.2.5.4, page 17 |
| Deductible of the comprehensive policy is reimbursed | no | „Hinweis: Eine vereinbarte Selbstbeteiligung nach A.2.5.8 wird von unserer Leistung …“ | A.2.5.1.13 a, page 17 |
| Separate deductible within the GAP cover | not addressed | ||
| Salvage value is deducted | yes | „zahlen wir den Wiederbeschaffungswert unter Abzug eines vorhandenen Restwerts des …“ | A.2.5.1.1, page 16 |
| Initial lease payment or deposit is taken into account | not addressed | ||
| Extra benefit for replacement (registration, delivery, allowance) | no | „Wertminderung, Zulassungskosten, Standgeldkosten, Überführungskosten …“ | A.2.5.7.1, page 18 |
| 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.2.5.1.13 a, page 17 |
| 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 | 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 | not addressed | ||
| 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 | „Leistungen können nur in Anspruch genommen werden, wenn und soweit diese nicht durch …“ | A.2.5.1.13 a, page 17 |
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 sind wir berechtigt, die folgenden Unterlagen anzufordern: – den …“ | A.2.5.1.13 a, 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 | „Zerstörung oder Verlust eines geleasten oder ... Fahrzeugs während der Laufzeit des …“ | A.2.5.1.13 a, 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 Kasko Versicherungsschutz in den geographischen Grenzen Europas sowie den …“ | A.2.4, 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.
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
- WGV-Versicherung AG, Württembergische Gemeinde-Versicherung auf Gegenseitigkeit
- Distribution
- direct from the insurer only
- Vertragsunterlagen Kfz-Versicherung mit AKB Edition: Vertragsunterlagen Kfz-Versicherung mit AKB Stand 05.2026 (4000-9102.0526) 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 WGV Optimal and available as plain text.
Volltext WGV Optimal GAP-Versicherung · As text (Markdown) WGV Optimal GAP insurance