In a practical case, assuming the financial value and insured sum of a vehicle worth €30,000 and:
• Repayment of the financial value at 200€/month
• Devaluation at 1%/month of the insured sum in accordance with the capital devaluation table included in the clauses
• A theft or robbery incident with total write-off of the vehicle in the 13th month of the contract
As at the accident date, the financial value is €27,400 and the sum insured is €26,100. This means that there is a difference of €1,300 outstanding in the operational leasing agreement. If there is no financial guarantee cover, the customer shall be responsible for paying this amount.
By taking out the cover, this difference is safeguarded by the insurance!