QBE
DEALERS' SECTION
PRODUCTS
EUROGAP

INTRODUCTION

» Insurance conditions

When buying a new or even a used car we are often afraid that our vehicle might be stolen or we could experience a total loss due to a crash, fire or nature disaster. Another truth is that in the first three years, the market value of the vehicle can decrease so much that even with the best insurance we may find our settlement is only half the price we paid for the car.

 EuroGAP [graph]

But with our EuroGAP® product all worries simply disappear and you will be able to enjoy your drive with peace of mind.

EuroGAP® was developed to give you protection during the initial years after you purchased your car, when depreciation is at its highest. It will also provide you with significant security during that period when the highest incidence of theft and accidents are recorded.

WHAT IS THE PRODUCT ABOUT?

EuroGAP® insurance covers the difference between the current value and price paid for the vehicle, which in case of either theft or total damage is not covered by vehicle accident insurance (KASKO). It gives you full financial protection for 3 years at the level of the purchase price.

EuroGAP® simply means  “invoice value insurance” - where the depreciation in value of your car, between purchase date and claimable event, is 100 % covered by insurer.

  • Vehicles purchased new maximum settlement is up to 750.000,- Sk
  • Vehicles purchased used maximum settlement is up to 500.000,- Sk
And which vehicles can be insured?
  • Vehicles with valid registration papers and licence plates, accident insurance of Kasko, up to 3.500 kg
  • New personal vehicles up to 3. 000.000,- Sk including VAT
  • Used personal vehicles up to 1.000.000,- Sk including VAT and 5 years of age
  • New utility vehicles up to 3.000.000,- Sk including VAT
  • Used utility vehicles up to 1.000.000,- Sk including VAT and 5 years of age

There is also possibility to insure the primary insurer deductible reimbursement up to 5% from the general vehicle value or maximum up to 100.000,- Sk.

BENEFITS

The key features of the EuroGAP® insurance are:
  • Full financial protection for 3 years at the level of purchasing price, i.e. no worries with regard to theft or total damage or nature disaster
    • vehicle is insured by A+ rated Top 25 world insurance company
  • If you have leased the car, any outstanding balance above that of the insurer is settled and the balance is sent to you
  • Enough financial resources to buy an equivalent value car ... 100% insurance claim
  • Easily understandable contracts
  • Insured benefit is paid within 15 days of the insurance settlement
  • Affordable price

Thanks to supplementary EuroGAP® insurance, you will always have enough financial resources to purchase a new vehicle in case of your current one is totally damaged or stolen.

Did the EuroGAP® product attract your attention? If yes, then please see the Insurance conditions and Information on product, that will provide you with more details.