Frequently asked questions about fullCASCO fully comprehensive insurance (FAQ)

Porsche Bank’s fullCASCO fully comprehensive car insurance covers all partCASCO coverage benefits (e.g., damage caused by fire, theft, storms, hail, glass breakage, and collisions with wildlife) as well as accident damage to your own vehicle caused by your own fault. You can find a detailed list of insurance benefits in our coverage table.

Particularly in the first few years after purchasing a new vehicle, while its value is still high. As the vehicle ages and its resale value declines, switching to a more affordable partial comprehensive insurance policy may be a worthwhile consideration.

• Motor vehicle third-party insurance is required by law and covers damages if the operation of the insured vehicle causes personal injury, property damage, or financial loss to third parties. It pays legitimate claims for damages and defends against unjustified claims. However, damage to your own vehicle is not covered.
• fullCASO fully comprehensive insurance is an optional supplementary insurance that covers damage to your own car, even after an accident you caused yourself.

Yes, with fully comprehensive insurance, a deductible is usually agreed upon. This means that, in the event of a claim, the insured person is responsible for a predetermined amount, while the insurance company covers the remaining damages. The amount of the deductible may vary depending on the policy.

GAP coverage is a supplementary benefit to fully comprehensive car insurance. It applies in the event of a total loss or theft of a financed vehicle and covers the difference between the replacement value and the outstanding balance of the loan.

This coverage is important because comprehensive insurance only reimburses the current value of the vehicle. As the value of the vehicle depreciates faster than the outstanding loan balance, you would have to pay the shortfall yourself, even though you no longer have the vehicle. Porsche Bank’s GAP coverage covers this shortfall in full, with no hidden clauses or restrictions.

Yes. fulllCASCO comprehensive insurance covers damage to your own vehicle caused by all entitled drivers, not just the policyholders themselves.