Insurance broker / GAP insurance in Germany (for leased and financed cars) / Policy wording archive GAP insurance
Zurich Premium: the policy wording in full
Wählbare Leasing-Differenz-Deckung im Kfz-Tarif Premium der Zurich: ersetzt bei Totalschaden oder Totalverlust die Differenz zwischen abgezinster Restforderung des Leasing- oder Kreditgebers und Wiederbeschaffungswert abzüglich Restwert, begrenzt auf marktübliche Zinsen und Laufzeiten.
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 Zurich.
- AI has advised
- 2Your details
- Application to Zurich
Thank you, we have your application.
We prepare it with Zurich 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 Zurich Premium.
Basics and eligible contracts
| Point | Rule | Wording (German) | Clause |
|---|---|---|---|
| Form of cover (module of the comprehensive policy or stand-alone contract) | yes | „Die Leasing-Differenz-Deckung (GAP-Deckung) ist eine wählbare Leistung. Ob Sie diese …“ | A.2.10.2, page 20 |
| GAP cover included in the comprehensive policy at no extra premium | no | „Welche Ereignisse und Leistungen können Sie zusätzlich gegen Mehrbeitrag vereinbaren?“ | A.2.10, page 20 |
| Fully comprehensive cover is a precondition | not addressed | ||
| Partial cover is sufficient (theft, fire, natural hazards) | not addressed | ||
| Comprehensive policy must be held with the same insurer or intermediary | yes | „Die Leasing-Differenz-Deckung (GAP-Deckung) ist eine wählbare Leistung. Ob Sie diese …“ | A.2.10.2, page 20 |
| Leased vehicles covered | yes | „Der Versicherungsschutz gilt für Sie als Leasing- oder Kredit-/Finanzierungsnehmer des …“ | A.2.10.2.2, page 21 |
| Loan financed vehicles covered | yes | „Sie bei einer Finanzierung das Darlehen ausschließlich zur Finanzierung Ihres Fahrzeugs …“ | A.2.10.2.1, 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) | yes | „Kfz-Versicherung Privat Tarif Premium Pkw, Campingfahrzeuge, Lieferwagen“ | Titelblatt, 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 | not addressed |
Insured event
| Point | Rule | Wording (German) | Clause |
|---|---|---|---|
| Total loss (destruction) as insured event | yes | „Übersteigt die abgezinste Restforderung Ihres Leasing- oder Kredit-/Finanzierungsgebers …“ | A.2.10.2.1, page 20 |
| Constructive total loss (repair costs above replacement value or a fixed percentage) | not addressed | ||
| Theft or loss of the whole vehicle | yes | „Übersteigt die abgezinste Restforderung Ihres Leasing- oder Kredit-/Finanzierungsgebers …“ | A.2.10.2.1, page 20 |
| Waiting period after theft before payment | not addressed | ||
| Benefit only if the comprehensive insurer settles the claim | yes | „Übersteigt die abgezinste Restforderung Ihres Leasing- oder Kredit-/Finanzierungsgebers …“ | A.2.10.2.1, page 20 |
| 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 | „Die abgezinste Restforderung ist die Summe der ausstehenden abgezinsten Leasing-Raten …“ | A.2.10.2.1, page 20 |
| Basis for loans: outstanding balance on the date of loss | yes | „Übersteigt die abgezinste Restforderung Ihres Leasing- oder Kredit-/Finanzierungsgebers …“ | A.2.10.2.1, page 20 |
| Payment of the difference to replacement value or to the comprehensive settlement | yes, up to the sum insured | „Übersteigt die abgezinste Restforderung Ihres Leasing- oder Kredit-/Finanzierungsgebers …“ | A.2.10.2.1, 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 | 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 | „Eine eventuell vereinbarte Selbstbeteiligung wird nach Kapitel A.2.5.7 abgezogen.“ | A.2.10.2.1, page 21 |
| Separate deductible within the GAP cover | not addressed | ||
| Salvage value is deducted | yes | „Übersteigt die abgezinste Restforderung Ihres Leasing- oder Kredit-/Finanzierungsgebers …“ | A.2.10.2.1, page 20 |
| Initial lease payment or deposit is taken into account | yes, up to the sum insured | „Die abgezinste Restforderung ist die Summe der ausstehenden abgezinsten Leasing-Raten …“ | A.2.10.2.1, page 20 |
| Extra benefit for replacement (registration, delivery, allowance) | no | „Zulassungs- und Überführungskosten, es sei denn diese sind im Rahmen Ihres gewählten …“ | A.2.10.2.1, 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 Schadenfalles fällig gewesene, nicht …“ | A.2.10.2.1, page 20 |
| Excess mileage and wear charges not covered | yes | „Nachforderungen des Leasinggebers wegen Überschreitung der Kilometerleistung“ | A.2.10.2.1, page 21 |
| Early termination and administration fees not covered | yes | „Nicht berücksichtigt werden: ... Finanzierungskosten“ | A.2.10.2.1, page 20 |
| Financed extras (insurance premiums, warranty, servicing) not covered | yes | „im Leasingvertrag integrierte Kosten für Wartung, Verschleißreparaturen, Reifen usw.“ | A.2.10.2.1, page 21 |
| 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 Kredit-/Finanzierungsverträge …“ | A.2.10.2.1, page 20 |
| 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 | „Bei grob fahrlässiger Herbeiführung des Schadens, verzichten wir in der Vollkasko- und …“ | A.2.10.2.4 mit A.2.9.1, page 20 |
| Intent excluded | yes | „Kein Versicherungsschutz besteht für Schäden, die Sie oder eine mitversicherte Person …“ | A.2.10.2.4 mit A.2.9.1, page 20 |
| Driving under the influence excluded | yes | „der Schaden wurde von Ihnen oder einer mitversicherten Person infolge des Genusses von …“ | A.2.10.2.4 mit A.2.9.1, page 20 |
| Unlicensed or unauthorised driver excluded | not addressed | ||
| Racing and track driving excluded | yes | „Kein Versicherungsschutz besteht für Schäden aus dem Gebrauch des Fahrzeugs bei einer …“ | A.2.10.2.4 mit A.2.9.2, 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 | „Kein Versicherungsschutz besteht für Schäden, die durch Kriegsereignisse, innere …“ | A.2.10.2.4 mit A.2.9.4, 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 | „Sie sind verpflichtet, uns vor Ausgleich der Forderung des Leasinggebers zu informieren …“ | E.3.6.1, page 31 |
| 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) | yes | „Welche Ereignisse und Leistungen können Sie zusätzlich gegen Mehrbeitrag vereinbaren?“ | A.2.10, page 20 |
| 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.2.10.2.3 mit A.2.4, page 18 |
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
- Zurich Insurance Europe AG
- Distribution
- not known
- Verbraucherinformation Kfz-Versicherung Privat Tarif Premium Edition: 01.04.2024 Copy hosted by an intermediary, not by the insurer
Full text of the wording
The full text exists only in German.
It is printed on the German page for Zurich Premium and available as plain text.
Volltext Zurich Premium GAP-Versicherung · As text (Markdown) Zurich Premium GAP insurance