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Ratgeber Zeitwertzusatz

Types of compensation in the event of a total loss. Current value supplement insurance in short.

When taking out a car insurance, you have the option of choosing between different types of compensation in the event of a total loss. Helvetia explains the advantage of a current value supplement insurance and clarifies what current value means.

How is the current value of your car calculated?

The current value provides information about the current market value of the car. When determining the current value, criteria such as the year of registration, the condition of the vehicle, the number of kilometers driven and the current estimated market value matter.

The current value of your car deteriorates steadily and declines especially sharply in the first few years in operation. This can be particularly annoying shortly after purchasing a new car. If your new dream car is then a total loss, you will not be reimbursed the catalogue price but a much lower amount. This substantial depreciation loss can be reduced with the compensation types current value supplement or current value supplement PLUS.

What is current value supplement insurance?

If you suffer a total loss, the insurance company usually pays the damage incurred based on the current value of your vehicle. With current value supplement insurance, you will be reimbursed for the current value to which a percentage is added. You will then ultimately be reimbursed for a higher amount than the current market value. You therefore do not have to bear the full aforementioned depreciation loss between the original catalogue price and the replacement value. This additional insurance coverage is therefore particularly worthwhile for new vehicles. Current value supplement insurance protects you not only in the event of a total loss but also if your car is stolen.

Comparison of the types of compensation

Helvetia distinguishes between «current value», «current value supplement» and «current value supplement PLUS» insurance.

Current value

In the event of a total loss, you will receive the current value of your vehicle.

Current value supplement

In the first 2 years of operation 100% of the catalogue price is reimbursed.
Percentage supplement
As of the 3rd year at least 10% more than the actual current value is reimbursed.

Current value supplement PLUS

In the first 4 years of operation 100% of the catalogue price is reimbursed.
Percentage supplement
As of the 5th year at least 20% more than the actual current value is reimbursed.
Graphic: Current value supplement insurance

Our tips for you

Individual protection with attractive additional insurance

You can supplement your insurance coverage in line with your needs with a number of customizable additional insurance options such as tyre insurance or Assistance insurance.

Good to know

With current value supplement insurance, a total loss is incurred if the repair costs in the first two years of operation amount to 65% of the catalogue price and then reach or exceed the current value. Without the current value supplement, on the other hand, a total loss is incurred if the repair costs are greater than or equal to the current value.

Play it safe with our services

Our optional service package includes a premium waiver in the event of incapacity to earn, legal protection in the event of disputes relating to a vehicle and an STI update guarantee.
Helvetia Autoversicherung Banner
10% online discount
If you take out a policy online we give you a 10% discount off all premiums until 31 December 2022.
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