Bulstrad Motor GAP (Guaranteed Asset Protection) insurance
Subject of insurance:
A motor vehicle with a total weight of up to 3.5 t, which requires a category B driving license, is not older than 7 years from the year of manufacture, is registered with a Bulgarian license plate and has a valid Casco Standard insurance.
The difference arising between the indemnity payable under Casco Standard for a total loss of the motor vehicle covered by the insurance, and:
a) the invoice value of buying the insured vehicle as new;
b) the actual value on the date of conclusion of the policy, for vehicles older than 1 year.
- Recovery of up to the invoice value (for newly bought motor vehicles not older than 1 year);
- Recovery of up to the actual value (for used motor vehicles older than 1 year).
Limit of liability:
BGN equivalence of BGN 20,000.
One, two or three years.
The insurance premium is paid one-off on conclusion of the insurance contract.
Territory of validity:
The Republic of Bulgaria, EU member states and the following non-EU states participating in the Green Card system: Principality of Andorra, Bosnia and Herzegovina, the Swiss Confederation, Republic of North Macedonia, Kingdom of Norway, Republic of Serbia, Montenegro, and Republic of Turkey.