GAP Insurance Billed
Dedicated to new cars
- Program dedicated to newly purchased vehicles (new and running) up to 5 years of operation at the date of the insurance contract and whose value does not exceed the amount of 285 000 RON.
- The compensation will cover the difference between the market value of the car on the day of the request (ie the compensation paid from the AC insurance or the third party RCA) and the invoice value.
- The insurance can be concluded for a period of 36/48 or 60 months.
- The constant amount insured 57 000 RON and 95 000 RON according to the selected version.
GAP Billing – example
Billing value of the car: 48 000 EUR
The total damage occurred after: 34 months
GAP INSURANCE COMPENSATION
- Casco policy compensation : 23 520 EUR
- GAP insurance compensation : 24 480 EUR
GAP Billing – example
Billing value of the car: 48 000 EUR
The total damage occurred after: 34 months
GAP INSURANCE COMPENSATION
- Casco policy compensation : 23 520 EUR
- GAP insurance compensation : 24 480 EUR
Documents required for insurance (documents required at a minimum)
- a copy of the registration document;
- for leasing: a copy of the first page of the rental contract and or of a document of registration of the company to the corresponding institution that keeps track;
- a copy of the vehicle purchase invoice;
- a copy of the compulsory basic insurance policy of the vehicle during the GAP (helmet policy)
Frequently asked questions
The insurance can be concluded on the day of the purchase of the vehicle (according to the date of the purchase invoice), but not later than the 90th day from that date. If the insurance is not completed on the day of the purchase of the vehicle – The insured is obliged to sign the declaration that there was no damage to the vehicle to be insured.
The insurance is concluded for the net value – VAT excluded / gross – VAT included / net + 50% – net value increased with VAT at 50% value – depending on the value for which the vehicle was insured by the basic insurer. If the basic insurance of the helmet policy for the vehicle (in the first year) was concluded for the amount that is different from the amount mentioned in the vehicle purchase invoice (underestimated value) – Invoiced GAP can be concluded only for the lower amount ( ie the value mentioned in the helmet policy).
The payment of the compensation, including VAT in accordance with the GAP policy is made provided that:
- The invoiced GAP policy ends according to the value of the vehicle purchase invoice, including VAT and
- The compensation, including the VAT for the total loss, was obtained from the basic insurer of the vehicle
The scope of insurance compensation covers the difference between the value of the vehicle invoice and the value of the compensation paid by the basic insurer of the vehicle under the insurance contract with full insurance coverage.
The claim according to the invoiced GAP policy must be reported within no more than 3 working days from the payment of the compensation made by the basic insurer.
Also, the request can be made after receiving a written decision according to which the compensation will be paid by the basic insurer.
Frequently asked questions
The insurance can be concluded on the day of the purchase of the vehicle (according to the date of the purchase invoice), but not later than the 90th day from that date. If the insurance is not completed on the day of the purchase of the vehicle – The insured is obliged to sign the declaration that there was no damage to the vehicle to be insured.
The insurance is concluded for the net value – VAT excluded / gross – VAT included / net + 50% – net value increased with VAT at 50% value – depending on the value for which the vehicle was insured by the basic insurer. If the basic insurance of the helmet policy for the vehicle (in the first year) was concluded for the amount that is different from the amount mentioned in the vehicle purchase invoice (underestimated value) – Invoiced GAP can be concluded only for the lower amount ( ie the value mentioned in the helmet policy).
The payment of the compensation, including VAT in accordance with the GAP policy is made provided that:
- The invoiced GAP policy ends according to the value of the vehicle purchase invoice, including VAT and
- The compensation, including the VAT for the total loss, was obtained from the basic insurer of the vehicle
The scope of insurance compensation covers the difference between the value of the vehicle invoice and the value of the compensation paid by the basic insurer of the vehicle under the insurance contract with full insurance coverage.
The claim according to the invoiced GAP policy must be reported within no more than 3 working days from the payment of the compensation made by the basic insurer.
Also, the request can be made after receiving a written decision according to which the compensation will be paid by the basic insurer.
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