The calculator and the quote form below are in Dutch. Prefer to do this in English? Email info@finassverzekert. nl or call 072 - 509 24 56 and we will take it from there.
Work out for yourself what it would cost.
Enter your details; you will receive a proposal within one working day.
We compare the offerings of several insurers
An adviser checks whether the cover suits your situation
A premium indication, not personal advice. Prefer to talk it through? Call 072 - 509 24 56.
In brief
Many Kugas are not owned outright but run on finance or a lease contract. That changes the central question after a large loss: not what the car is worth, but what is then still outstanding with the lender.
The payout has an upper limit: Article 7:960 of the Dutch Civil Code does not allow compensation higher than the loss itself. On a total loss that means the market value, less the salvage value of the wreck and less the excess. If the outstanding balance is above that, a debt remains which you have to make good yourself.
On the plug-in version there is something more: damage to the high-voltage pack mounts up quickly and can make a car a total loss sooner than the extent of the bodywork damage suggests.
The structure of the cover in three parts, with an overview per situation below.
Compulsory
Third-party liability
Damage you cause to others.
Required by law
As long as the registration is in your name
Suspend the registration when not in use
Third-party liability plus
Third-party, fire and theft
Causes beyond your control.
Fire and storm
Theft
Windscreen damage
Comprehensive cover
Comprehensive
Including damage you cause yourself.
Own fault
Vandalism
Replacement-as-new period
What is covered
Situation
Third-party liability
Third-party, fire and theft
Comprehensive
Damage to the other party
Yes
Yes
Yes
Theft
No
Yes
Yes
Fire and storm
No
Yes
Yes
Damage you cause yourself
No
No
Yes
Wear and mechanical defects
No
No
No
Driving without a valid licence
No
No
No
This overview is general in nature and is not personal advice. What is actually covered, including exclusions, limits and the excess, is set out in the policy conditions and the insurance card (verzekeringskaart) of the insurer; you receive both before you take out cover. Taking out cover without advice? Then read what execution only means for you.
Where things go wrong in practice
Four points that make the difference between a policy that pays out and one that does not.
Who receives the payout
If there is finance on the car, the lender is an interested party. The agreement usually provides that a payout on a total loss or theft is made directly to them, up to the outstanding balance. That is not the insurer's choice but that of the contract you signed. So declare the finance when you take out the policy, so that the interested party appears on the policy schedule and the settlement does not get stuck.
The outstanding balance and the cover that absorbs it
A car depreciates faster in the first period than a loan is repaid. On a total loss that creates a gap between the payout and the balance. Additional cover for that difference, also called outstanding balance or purchase price cover, makes it up on strict conditions: often only in combination with comprehensive cover, only for the first owner and only within a period stated in the policy.
The high-voltage pack changes the calculation
On the plug-in version a battery pack sits in the floor. Damage to it calls for diagnosis by a certified firm, for separate storage because of the fire risk and for parts that cannot be repaired individually. The costs therefore approach the market value sooner, after which the car is declared a total loss. On a financed car that means an outstanding balance sooner than on a car without a loan.
Obligations that follow from the contract
Credit and lease agreements often prescribe comprehensive own-damage cover and prohibit reducing it without consent. If you do not pay the premium, the cover can be suspended while the repayments simply continue. Also outside the cover are wear and mechanical defects, loss of battery capacity through normal use, hiring the car out, driving without a valid licence and damage caused by intent or wilful recklessness under Article 7:952 of the Dutch Civil Code.
What does your premium depend on?
Form of cover the contract prescribes. Finance or a lease contract practically always requires comprehensive own-damage cover.
Additional outstanding balance cover. A separate module with its own conditions, premium and term.
Drivetrain of the version. The plug-in hybrid and the other versions are rated differently.
Purchase value and equipment level. They determine the rating group and the amount at stake on a total loss.
Level of the excess. On a total loss it is deducted from the payout and therefore adds to any outstanding balance.
Private or business use. It determines the form of policy and who appears on it as policyholder.
Insurers weigh these details differently. That is where your saving is.
How we arrange it
You request a quoteWe take stock of your situation, your risk and your wishes.
We compareseveral insurers, on premium as well as conditions.
You receive a proposalWith an explanation of the differences and the exclusions.
We arrange the switchIncluding cancellation, so there is no gap in cover.
Customers rate our service on four aspects: personal service, service delivery, availability and the outcome. The reviews are collected and published by NH1816 and come from customers who have actually taken out a policy with Finass Advies B.V. or reported a claim.
Do I receive the payout myself if my financed Kuga is a total loss?
Usually not directly. If the lender is named on the policy as an interested party, the payout first goes to the outstanding balance. What remains comes to you. If there is a shortfall, you have to make it up yourself. Declare the finance when you take out the policy, otherwise argument about the payment arises at settlement.
Do I have to take out comprehensive cover if I finance the car?
That is not in the law but it is in practically every credit agreement. As long as a balance is outstanding, the lender wants damage to the security to be covered. If you reduce the cover without consent, you are in breach of the contract and carry the risk yourself. The only cover required by law is the liability cover in Article 2 of the Dutch Motor Insurance Liability Act (WAM).
What exactly is outstanding balance insurance?
Additional cover that pays the difference between the payout on a total loss or theft and the amount still outstanding. The conditions are strict: usually only in combination with comprehensive cover, often only for the first owner and only during a period stated in the policy. Read in advance which amount is the starting point for the calculation.
What happens to the cover if I do not pay the premium?
The insurer can suspend the cover after a reminder. You are then driving uninsured while the repayments on the finance continue, and there will be no payout if you claim. The requirement in Article 2 WAM remains as long as the registration is in your name, so you also risk a penalty from the RDW (the Dutch vehicle authority).
Finass Verzekert is a trading name of Finass Advies B.V. We advise on and arrange non-life insurance on the basis of an objective analysis of several insurers, and receive commission for this from the insurer, which is included in the premium. You pay no separate advice fee. Before you take out cover, we establish your wishes and needs.
You will find our licence, KvK and Kifid details and our complaints procedure at the foot of every page.
