GAP Insurance is an additional policy to Casco insurance, with coverage for theft and total damage. Typically, cars up to 10 years old are insured; however, it is possible to insure a used car that meets the insurer's requirements. In such cases, the insurance amount is determined based on the car's actual value at the time of acquisition.
Compensation under GAP insurance covers the difference between the compensation received under Casco insurance and the car's value indicated on the purchase invoice, up to the policy's specified limit. GAP insurance covers total damage resulting from the following risks:
- Theft of the car;
- Road accident;
- Fire;
- Natural disaster.