GAP insurance

The value of the vehicle is decreasing from the moment of purchase. The first 3-4 years are the most critical period, when the value of the car can fall by up to 50% of its original purchase price. Motor third-party liability insurance and Casco insurance only cover up to the current market value of the vehicle in the event of a total theft or total loss.

GAP covers the difference between the vehicle's original purchase price and its current value in the event of a total theft or total loss.

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IN THE CASE OF OPERATING LEASE CONTRACTS

COLONNADE INSURANCE COMPANY LEASE GAP

LeaseGAP insurance, which can be taken out in addition to the Casco, is available in the portfolio of Colonnade Insurance Company and covers the difference between the outstanding debt of the vehicle registered with the financing company at the time of the damage and the market value at the time of the damage in the event of total loss or damage caused by natural forces, theft or misappropriation, supplemented by a refund of the Casco deductible.

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COLONNADE INSURANCE COMPANY EUROGAP INSURANCE

EuroGap insurance can be taken out as a supplement to Casco insurance. This insurance covers the difference between the original purchase price of the vehicle and the market value at the time of the loss (EuroTAX value) in the event of total theft or total loss, up to a limit set by the insurance company.

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COLONNADE INSURANCE COMPANY EUROGAP PLUS INSURANCE

In addition to the EuroGap insurance reimbursement, EuroGap Plus insurance covers the deductible charged by the Casco insurance company, up to the limit set by the insurance company.

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ALFA INSURANCE COMPANY GAP INSURANCE WITHOUT DEDUCTIBLE COVERAGE

Casco insurance can also be supplemented with Alfa Value Assurance Purchase Price Insurance (GAP). This insurance covers the difference between the original purchase price of the vehicle and the market value at the time of the loss (EuroTAX value) in the event of total theft or total loss, up to a limit set by the insurance company.

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ALFA INSURANCE GAP INSURANCE WITH DEDUCTIBLE COVERAGE

In addition to the reimbursement of Alfa Value Assurance Purchase Price Insurance (GAP) without deductible coverage, Alfa Value Assurance Purchase Price Insurance (GAP) with deductible coverage also provides compensation for the excess deducted by the Casco insurance company, up to the limit set by the insurance company.

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