GAP (Guaranteed Asset Protection)

GAP (Guaranteed Asset Protection) – insurance of loss of vehicle’s value after total loss or theft

We insure the risk of financial loss arising from the difference between the purchase price of the new vehicle and the vehicle’s market value at the moment of the occurrence of total loss (vehicle written off or stolen). The vehicle is protected by the GAP (Guaranteed Asset Protection) insurance from the day of the Customer being delivered the vehicle on the basis of the delivery protocol.

The Customer will receive an additional compensation (apart from the autocasco damage and theft insurance) in the amount of 20% of the vehicle’s value on the day of the loss (the maximum amount is PLN 30 000, but no more than the difference between the vehicle’s value on the day of delivering it under leasing and its value on the day of the loss). This makes it easier to replace the vehicle or settle the agreement.

What vehicles can be insured?

• all vehicles leased for the period of up to 48 months whose age is counted from the date of the first registration (year of registration) until the date of delivering it based on the delivery protocol (year of vehicle delivery) and may not exceed 7 years, apart from the excluded groups.
• The following vehicle groups are excluded:
  • trucks whose total weight exceeds 3.5 tons,
  • vehicles used as a means of transport of goods or people as a source of income;
  • vehicles used for racing, rescuing activity or in vehicle rentals.