Grazer Wechselseitige Versicherung Aktiengesellschaft
GRAWE
GRAWE is a motor casco insurance for the Austria market with no online purchase and limited assistance availability.
Direct payment
The insurer pays out repair costs, or the replacement value less residual value in case of total loss, after deduction of any agreed deductible, once the necessary investigations to establish the claim have been completed.
Geographic scope
Europe (geographical sense) and Green Card signatory states
Coverage extends to Europe in the geographical sense, and in any case to the territory of the states that signed the Agreement between the national insurance bureaus of the EEA member states and other associated states of 30 May 2002; the scope can be contractually extended.
Unique selling points
- Policyholders can freely combine Teilkasko or Vollkasko with three protection levels (Top-, Standard-, Grundschutz) to tailor cover to their needs.
- A no-claim rebate refunds 12% of the annual Kasko premium for policyholders who stay claim-free and drive under 7,000 km per year.
- Special equipment and accessories worth up to €2,500 are automatically co-insured at no extra premium.
- Six Superbonusstufen reward a claim-free driving history with progressively lower Kasko premiums.
- The Kasko premium level stays unchanged for the whole contract term even after a claim, avoiding mid-term premium increases.
Coverage limits
Own Damage (Collision Casco)
Not established from the insurer's documents
Covered only under Collision Casco (Kollisionskaskoversicherung), i.e. when Vollkasko/comprehensive is selected: damage from an accident (sudden external event with mechanical force) and malicious acts by third parties. Not included under pure Teilkasko (Elementarkasko). Indemnity is repair cost or, in case of total loss, replacement value less residual value, with no stated monetary ceiling.
Total Loss
Not established from the insurer's documents
If the vehicle is destroyed, lost, or the expected restoration costs plus residual value exceed the replacement value, the insurer pays the replacement value (cost to acquire an equivalent vehicle of the same type, quality and wear condition) less the residual value. No fixed monetary cap stated.
Partial Loss / Repair Costs
Not established from the insurer's documents
If no total loss occurs, the insurer covers the restoration (repair) costs plus necessary simple freight/transport costs for spare parts, and necessary recovery and transport costs of the vehicle to the nearest suitable workshop. A new-for-old deduction applies to parts/paint after the vehicle's third year, except for PKW/Kombi/LKW up to 2 tonnes payload.
Theft and Robbery
Not established from the insurer's documents
Covered under Elementarkasko/Teilkasko: damage, destruction or loss of the vehicle through theft, robbery, or unauthorized use by persons outside the business/household. If stolen items are recovered more than one month after the claim was reported, they become the insurer's property; recovery costs up to 2% of the replacement value are reimbursed without deduction of the deductible.
Glass Damage
Not established from the insurer's documents
For passenger cars, estate cars and trucks up to 2 tonnes payload, breakage damage to windscreen, side and rear windows and glass/panoramic roofs is covered regardless of cause under Collision Casco; under pure Elementarkasko (Teilkasko) it is only covered by special agreement.
Natural Perils
Not established from the insurer's documents
Elementarkasko (Teilkasko) covers direct impact of lightning, rockfall, landslide, mudslide, avalanche, hail, high water, flooding and storm (wind of more than 60 km/h), including damage from objects thrown onto or against the vehicle by these forces.
Vandalism
Not established from the insurer's documents
Malicious or spiteful acts by persons outside the business/household are covered under Collision Casco (Vollkasko). Under Teilkasko, vandalism/parking damage is only covered when the Topschutz protection level is chosen.
Roadside Assistance / Breakdown Protection
Optional
Available as a separate selectable module ("Pannen- und Unfallschutz") within the modular GRAWE AUTOMOBIL package, alongside Bonushaftpflicht, Bonuskasko and other modules; not part of the core Kasko cover itself.
Replacement Vehicle
Not established from the insurer's documents
The AKKB expressly excludes loss of use or the cost of a replacement vehicle from the insurer's indemnity for partial loss.
Driver/Occupant Accident Cover
Optional
Driver and occupant accident protection ("Insassen-Unfall") is offered as a separate selectable module within GRAWE AUTOMOBIL, not as part of the Kasko cover itself.
Key conditions
Driver age and experience limit
The AKKB does not state any minimum driver age or experience requirement for Kasko cover to apply; a discount programme exists for young drivers under 22 (L17-Vorteil) on the overall GRAWE AUTOMOBIL package, but this is not a coverage eligibility limit within the Kasko conditions themselves.
Repair network requirements
There is no obligation to use a specific workshop; the policyholder must obtain the insurer's consent before starting repairs or disposing of the damaged vehicle, where reasonably possible. GRAWE additionally offers partner repair workshops as a supplementary service for Kasko policyholders.
Territorial scope
Cover applies to Europe in the geographical sense and, in any case, the territory of states that signed the 30 May 2002 Agreement between EEA national insurance bureaus and associated states; the scope can be contractually extended.
Anti-theft requirements
The AKKB does not specify any mandatory anti-theft device or alarm system as a precondition for theft cover.
Claim notification deadline
The policyholder must notify the insurer in writing of the claim, with exact details, within one week of becoming aware of it, and immediately report theft, robbery, unauthorized use, fire, explosion or wildlife damage to the nearest police station.
Deductible rules
A deductible (Selbstbeteiligung) applies per vehicle and per claim in the agreed amount; policyholders may choose between a restricted deductible (applying only to specific perils) and a general deductible (applying to all claims), with amounts ranging from €0 to €500 depending on the product and coverage type.
Policy specifics
Partial or Full Coverage Selection
Policyholders can choose between Partial Comprehensive (Teilkasko) and Full Comprehensive (Vollkasko) coverage
SourceProtection Levels (Top, Standard, Base)
Not established from the insurer's documents
Three distinct protection levels available for Partial and Full Comprehensive coverage with varying deductible options
SourceThird-party source, not the insurer's documentDeductible Models (Restricted vs. General)
Not established from the insurer's documents
Choice between restricted deductible (applies to specific perils only) and general deductible (applies to all claims)
SourceThird-party source, not the insurer's documentIncluded Special Equipment Coverage
Special equipment and accessories up to €2,500 value are covered at no additional premium
SourceExtended Geographical Coverage Beyond Europe
Coverage valid not only in Europe but also in all non-European Mediterranean coastal countries
SourcePre-damage Vehicle Inspection Requirement
Not established from the insurer's documents
Vehicles aged 2 years or older require inspection by expert before Kasko coverage can be approved
SourceThird-party source, not the insurer's documentNo Premium Increase During Contract Term
Kasko premium level remains unchanged during contract duration regardless of claims; claims do not affect bonus rating
SourceNo-Claim Rebate Program
12% of annual Kasko premium is refunded if policyholder remains claim-free within 12 months and drives less than 7,000 km annually
SourcePartner Workshop Network Service
GRAWE Kasko policyholders have access to partner repair workshops as additional service benefit
SourceSix Bonus Levels (Superbonusstufen)
Kasko coverage includes access to up to six bonus rating levels that reward claim-free driving history
SourceGross Negligence Exclusions
Kasko coverage excludes claims resulting from gross negligence, including driving under influence, driving without valid license, or traffic rule violations under specified conditions
Source