Gap Insurance for Passenger Vehicles
With DEFEND Gap insurance, the value of your car don’t have to drop down for the next 5 years.
GAP insurance is still a great unknown for many, but it is a simple concept that brings peace to clients or saves them a lot of worries.
The GAP = Guaranteed Asset Protection. GAP insurance is usually offered in connection with the purchase or financing of a car and the client is covered in the case of total damage or theft of the vehicle up to the purchase price of the car or the client is protected against the debt to the leasing company or the bank.
In practice, this means that you will receive the insurance benefit only from your insurance premium at the market price of your vehicle at the date of the insured event, deducting the amount of your contracted share. GAP insurance will pay you the difference to your coverage level.
When buying your car, ask your dealer for DEFEND Gap insurance.
DEFEND Gap MAX
DEFEND Gap MAX insurance of the purchase price provides 100% coverage of the difference between claims from CASCO Insurance and purchase price of the vehicle when it is stolen or totally damaged.
DEFEND Gap LEASE
DEFEND Gap LEASE covers the balance of debt in installing vehicle financing after payment of insurance benefit from CASCO Insurance in the event of theft or total damage of the vehicle.
DEFEND Gap MINI
DEFEND Gap MINI covers the difference between the purchase price and compulsory third party liability insurance, but only in case of a total damage caused by other party even without CASCO insurance.
DEFEND Gap ECONOMY
DEFEND Gap EXONOMY provides financial protection for vehicles with the cost up to 500 000 CZK. It covers the difference between claims from CASCO insurance and purchase price including CASCO deductible when the car is stolen or totally damaged.
DEFEND Gap FLEX
DEFEND Gap FLEX provides flexible financial protection when the car is stolen or totally damaged even without CASCO Insurance.