GAP INSURANCE
Or also called depreciation insurance, it is a complementary insurance to automobile insurance that covers the depreciation of the value of a vehicle after purchase, after the total loss of a vehicle decreed by the vehicle's automobile insurance company.Veritas WAGAS
GAP Insurance Coverages
We offer different variants: GAP Insurance for new vehicles, GAP Insurance for used vehicles and Bonus GAP. We cover vehicles less than 5 years old that are covered by auto insurance, with minimum Total Loss coverage.
We also offer personalized conditions and plans for customers with production volume. If you’re interested, contact us today about the solutions we have available.
GAP insurance Or also called depreciation insurance, is a complementary insurance to automobile insurance that covers the depreciation of the value of a vehicle after purchase, after the total loss of a vehicle decreed by the vehicle’s automobile insurance company.
Our Bonus GAP variant also covers the additional costs that the client may face in the event of a total loss with his insurance company, in which he has a replacement to new, for an amount of UF 51.
GAP insurance
Program dedicated to newly acquired vehicles, new or used, up to five years old in which the purchase of a vehicle occurs.
Policies can be purchased on or within 90 days of vehicle purchase date.
Coverage
Total compensation 100% of the depreciation that has occurred in the value of the vehicle since its purchase and until the moment of the occurrence of an accident resulting in total loss. The payment will cover the difference between the market value offered by the auto insurance company in compensation for a total loss of the car and its original invoice value. Subject to a maximum loss value of UF 799.
Terms
36, 48, 60 Months
Maximum Vehicle Age
Up to 5 years at the start of the GAP Insurance
Bonus GAP
It is our premium product and covers both depreciation and expenses normally incurred as a result of a total loss of the insured vehicle, if the vehicle was “replaced to new” by the auto insurance company.
Both new and used vehicles can be insured for total depreciation up to the maximum depreciation amount of UF 799, plus, including the bonus GAP option, an additional UF 51 will be paid to cover additional costs such as premium payments, of patent, green tax or others.
Coverage
GAP Insurance for New Vehicles and Used Vehicles + Additional bonus
to cover the additional costs
for the client for UF 51
Deadlines
36, 48, 60 months
Maximum Vehicle Age
Up to 5 years at the start of the GAP Insurance period.