Gapless enjoyment of your car.
If a leased car or a car purchased on credit is stolen or becomes a complete write-off, the motor vehicle insurer merely replaces the cash value. This can differ significantly from the outstanding debt under a credit or leasing agreement. This GAP then has to be made up by the borrower/lessee.
We offer our GAP product in the following variations:
- GAP Back to Credit: Reimbursement of the difference between the cash value and the redemption value to be paid to the financial institution.
- GAP Back to Invoice: Reimbursement of the difference between the cash value and the price of the vehicle according to the invoice.
- Index GAP: Reimbursement of a definable percentage of the vehicle’s replacement value on the date of the loss.
As a vehicle dealer, car financing bank or leasing company, GAP protection enables you to offer your customers a product individually tailored to their requirements.