Bulstrad Motor GAP (Guaranteed Asset Protection) insurance   

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.

Covered risks:

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;

or

b) the actual value on the date of conclusion of the policy, for vehicles older than 1 year.

Clauses:

  • 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.

Insurance period:

One, two or three years.

Insurance premium:

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.

ИДЗП Защитена стойност на автомобила

 
About BULSTRAD
ZAD "BULSTRAD VIENNA INSURANCE GROUP"
was founded on 31 July 1961. Since then the company has developed all lines of insurance and reinsurance business, such as aviation and marine, in which we have a leading position on the Bulgarian insurance market; cargo and property, motor insurance, construction-and-erection risks, personal lines and others.

In 1967, the Company registered its broking company in London, EUROPEAN INSURANCE AND REINSURANCE BROKERS (EIRB).