GAP INSURANCE

Provides protection against potential loss of vehicle's value in an event of total loss or theft

Provides protection
against potential loss
of vehicle's value in an
event of total loss or theft

What is GAP insurance? We explain

UNDERSTAND gap max IN A BLINK OF AN EYE

GAP MAX is for cars who are insured with CASKO insurance.

GAP MAX will cover remaining amount between CASCO payout and your vehicle purchase price.

gap max EXAMPLE

In an event of total loss or theft, CASCO will cover damages. In most cases CASCO covers losses equal to car value on the day of total loss.

After two years of ownership your vehicle was stolen.

CASCO paid you market value of your vehicle 30 000 Eur. Remaining 40 000 Eur was covered by GAP MAX insurance.

gAP MAX INSURED RISKS: ROAD ACCIDENT, THEFT, NATURAL DISASTERS AND OTHER casco INSURED RISKS

You purchased an expensive vehicle back in year 2023 for 70 000 Eur.

With GAP insurance for your car, in the event of total loss, you get back the full amount you paid for the car. This means that even after losing the vehicle, you won't owe anything to the bank.

UNDERSTAND gap FLEX IN A BLINK OF AN EYE

GAP FLEX is for cars without CASCO insurance.

GAP FLEX similarly as GAP MAX protects your car's value in an event of total loss in an accident, if you are not liable or if your car gets stolen.

Additionally, GAP FLEX protects you from expenses and covers damage after which your car can still be repaired and remain suitable for use.

gap FLEX EXAMPLE

You purchased a vehicle for 15 000 Eur back in year 2023.

In 2025 your car was damaged beyond repair in an accident without your liability.

The at-fault party's insurance compensated you for the loss equal to your car's value on the day of the accident – 10 000 Eur.

gAP FLEX INSURED RISKS: FIRE; COLLISION WITH AN ANIMAL; PARTIAL DAMAGE WHEN YOU ARE NOT AT FAULT; TOTAL LOSS.

GAP FLEX covered the difference and paid you the remaining 5000 Eur. Additionally, GAP FLEX paid you 1000 Eur for the inconvenience you experienced.

gap FLEX PARTIAL DAMAGE EXAMPLE

You are driving a car that you purchased for 10 000 Eur. While on a country road, you hit an animal.

Since you do not have CASCO insurance, your existing MTPL (Motor Third Party Liability) insurance will not cover the damage.

With GAP FLEX insurance, in such a case you still receive a payout of 15% of the car's original value. In this example, 1,500 EUR. Even if the car is only cosmetically damaged.

GAP INSURANCE - MARKET VALUE PROTECTION

Mango GAP insurance provides protection of vehicle's potential loss of value in an event of total loss or damage, while CASCO insurance only compensates losses up to vehicle's market value at the moment of incident. The value decreases every year and can reach 60% in 5 years.

A wide choice of GAP insurance solutions. Get your policy for a period of up to 5 years, choose among different insurance claim limits, decide on protecting your car's purchase price within 120 days since purchasing it or any time to protect its market value. Rest assured - there is no deductible for GAP insurance.

GROWING BENEFITS

FLEXIBLE CHOICE

FOR OWNERS OF NEW AND USED VEHICLES

Insured risks: Traffic accident, theft, natural disasters, other CASCO risks.

GAP MAX
GAP FLEX

Insured risks: Total loss, theft, collision with an animal, fire damage, partial damage caused by third parties.

Motor vehicle GAP Insurance
Purchase GAP insurance for a period of up to 5 years
For information about our insurance plans in English, please contact our representatives by contact form below

  • Only with CASKO

  • Vehicle age up to 10 years

  • Purchase price up to 250000 Eur

  • No mileage limit

  • Without CASKO insurance

  • Vehicle age up to 15 years

  • Purchase price up to
    120000 Eur

  • Without mileage limit

GAP TRUCK MAX
GAP TRUCK XS

Heavy duty truck GAP Insurance
Purchase GAP insurance for a period of up to 5 years

Mango GAP TRUCK MAX insurance will cover the difference between the purchase price and the market value on the day of the event in case of vehicle theft or total loss.

Insurance contract terms as of the date of signing the insurance contract:

Mango GAP TRUCK XS insurance will cover the CASCO insurance deductible amount in the event of vehicle theft or total loss.

Insurance contract terms as of the date of signing the insurance contract:

  • Maximum vehicle age 6 years

  • Truck was purchased no more than 120 days ago

  • Contract duration up to 60 months

  • Maximum vehicle age 6 years

  • Truck was purchased no more than 120 days ago

  • Contract duration up to 60 months

Contact Us

Do you have any questions?
Write to us, we will answer

Lithuania

Mango Insurance, UAB
Aludarių g. 1, LT-01113 Vilnius, Lithuania
Company code: 306010506


Partnerships and sales:
pardavimai@mangoinsurance.eu
Claims:
claims@mangoinsurance.eu
+37070011222

Latvia

Mango Insurance, SIA
Aspazijas bulvāris 20, Rīga, LV-1050, Latvia
Company code:
40203490873

Partnerships and sales:
pardosana@mangoinsurance.eu
Claims:
claims@mangoinsurance.eu
+37070011222

Estonia

Mango Insurance SIA Eesti Filiaal
Seebi tn 1-1501, Tallinn, 11316, Eesti
Company code:
17054253

Partnerships and sales:
myyk@mangoinsurance.eu
Claims:
claims@mangoinsurance.eu
+37070011222