SV SparkassenVersicherung Holding Aktiengesellschaft
SV SparkassenVersicherung
SV SparkassenVersicherung is a motor casco insurance for the Germany market with online purchase and 24/7 assistance.
Direct payment
Under the WerkstattBonus tariff, SV settles Kasko claims directly with its partner repair workshops, so policyholders do not have to pay upfront; SV also directly covers towing, courtesy-car and delivery costs. Without WerkstattBonus, claims are reimbursed against invoices or on a calculated basis.
Geographic scope
Europe and the non-European territories belonging to the European Union
Cover applies within the geographic borders of Europe and the non-European territories within the EU. Even with a Green Card, no cover exists in Iran, Morocco, the Asian part of Russia, Tunisia, and the Asian part of Turkey.
Unique selling points
- No new-for-old deduction on repaired parts or paintwork, and benefits are not reduced for gross negligence except in cases of drink/drug driving, theft facilitation, or non-compliant tyres.
- The WerkstattBonus tariff combines a 20% premium discount with a 6-year workshop guarantee, three times the usual 2-year warranty, plus free courtesy car and pick-up/delivery service.
- Optional Elektroschutz covers EV/hybrid battery damage of any kind (All-Risk) up to EUR 10,000, rising to unlimited cover under the Topschutz upgrade, including wallbox and charging-cable damage.
- Vollkasko includes cover for hacker/cyber-attacks that cause an accident and for transport-at-sea damage (including 'Große Havarie'), perils not always included as standard by competitors.
- The SV Copilot add-on automatically detects a crash and transmits impact severity and exact location to SV's emergency centre, coordinating rescue and claims handling in real time.
Coverage limits
Own Damage Coverage
Covered
Only in Teilkasko, Vollkasko, Topschutz
Covers damage, destruction, loss or total loss of the insured vehicle including mitinsured parts; indemnity is capped at the vehicle's new price (Neupreis) and repair costs are reimbursed up to the replacement value (Wiederbeschaffungswert). Available as Teilkasko, Vollkasko or the Topschutz upgrade.
Total Loss Settlement
Covered
Only in Teilkasko, Vollkasko, Topschutz
In case of total loss, destruction or loss, SV pays the replacement value (Wiederbeschaffungswert) minus any residual value; new-price indemnification (Neupreisentschädigung) applies if the loss occurs within 24 months of first registration (48 months under the Topschutz upgrade) and repair costs reach at least 80% of the new price. A 10% deduction applies on theft-related total losses unless a self-arming immobiliser was fitted.
Partial Damage / Repair Cost Coverage
Covered
Only in Teilkasko, Vollkasko, Topschutz, WerkstattBonus
Repair costs are reimbursed up to the replacement value; with an invoice, full repair costs are paid, otherwise reimbursement is based on average regional labour rates. No deduction is made for new-for-old parts or paintwork. Under the WerkstattBonus tariff, SV organises and pays the repair directly at a partner workshop, provides a courtesy car and grants a 6-year workshop guarantee.
Theft and Robbery
Covered
Only in Teilkasko, Vollkasko, Topschutz
Covers theft, robbery, and (under conditions) embezzlement and unauthorised use; also covers the cost of replacing door/steering locks and keys if they are stolen during a break-in or robbery. Included from the Teilkasko level upward.
Glass Breakage
Covered
Only in Teilkasko, Vollkasko, Topschutz
Covers breakage of windows, sunroofs, mirror glass and light covers, including the cost of recalibrating driver-assistance systems after glass replacement. The deductible is waived if the windscreen is repaired (not replaced) at an SV-approved workshop.
Natural Perils (Storm, Hail, Flood, etc.)
Covered
Only in Teilkasko, Vollkasko, Topschutz
Covers direct damage from storm (wind force 8+), hail, lightning, flood, avalanches, mudslides, landslides, snow pressure, ground subsidence/collapse and volcanic eruption. Included from Teilkasko level upward.
Vandalism / Malicious Damage by Third Parties
Conditional
Only in Vollkasko, Topschutz
Malicious or spiteful acts by persons not entitled to use the vehicle are covered only under Vollkasko and Topschutz; this peril is not included under Teilkasko.
Roadside Assistance / Towing
Optional
Only in WerkstattBonus
Not a standard Kasko benefit; towing and pick-up/drop-off service to a partner workshop is included free of charge only under the WerkstattBonus tariff. Broader roadside assistance (breakdown, accident, towing across Europe) is sold as the separate Autoschutzbrief product, which can be combined with Kasko.
Replacement / Courtesy Vehicle
Optional
Only in WerkstattBonus
A courtesy car during repair of the insured Pkw is provided only under the WerkstattBonus tariff when the repair is carried out at an SV partner workshop. This is not a standard feature of Teilkasko/Vollkasko without WerkstattBonus.
Driver Accident Protection
€150,000
Only in Fahrerschutz, Kfz-Unfallversicherung
Personal injury to the driver is not covered by Kasko itself but can be added as the separate, legally independent Fahrerschutz or Kfz-Unfallversicherung products. Fahrerschutz reimburses actual personal-injury losses as if a third party were liable, e.g. pain and suffering up to EUR 150,000, loss of earnings up to EUR 2,000/month, household help up to EUR 500/month, and disability-related home conversion up to EUR 100,000, subject to the liability sum insured.
Key conditions
Driver age and experience limit
No blanket minimum-age exclusion, but premium is rated by driver age/experience (Fahrerkreis). 17-year-olds may drive only under the 'begleitetes Fahren' scheme accompanied by a named supervisor; the Rabattschutz add-on requires the vehicle not be driven by anyone under 23.
Repair network requirements
Repairs can generally be carried out at any workshop. Full benefits (direct billing, courtesy car, pick-up/drop-off, 6-year guarantee, 20% discount) require choosing the WerkstattBonus tariff and using an SV partner workshop; without it, reimbursement without an invoice is based on average regional labour rates.
Territorial scope
Cover applies within the geographic borders of Europe and the non-European territories belonging to the EU; certain non-European countries listed on the Green Card (e.g. Iran, Morocco, Asian Russia, Tunisia, Asian Turkey) are excluded even with a Green Card.
Anti-theft requirements
If the vehicle is stolen without a self-arming electronic immobiliser fitted, the theft indemnity is reduced by 10%; this deduction is waived if such an immobiliser was fitted at the time of the theft.
Claim notification deadline
Any claim event must generally be reported within one week. Theft or loss of the vehicle/parts must be reported in writing without delay, and theft, fire or animal-bite damage exceeding EUR 500 must additionally be reported to the police without delay.
Deductible rules
An agreed deductible is deducted per claim event and per insured vehicle, as stated in the policy schedule; it is waived for windscreen repair (not replacement) at an SV-approved workshop, provided no other vehicle damage requires repair.
Policy specifics
Workshop Bonus
Optional discount and service enhancement for using certified partner workshops with towing, delivery, and loan car services in Kasko claims
SourceTop Protection
Extended optional comprehensive coverage tier for full Kasko, including special protection for electric and hybrid vehicle batteries, animal collision damages, brake and mechanical damage
SourceBattery Protection for Electric and Hybrid Vehicles
Specialized optional Kasko extension specifically for electric and hybrid vehicles covering battery damage, loss, or destruction under All-Risk conditions
SourceAnimal Collision and Bite Damage Coverage
Kasko coverage for vehicle damage caused by animal collisions, wildlife accidents, and animal bite damage to vehicle systems
SourceReplacement Value / Purchase Price Reimbursement
Optional Kasko benefit extending coverage period for reimbursement of replacement or purchase value of vehicle in case of total loss or theft
SourceDirect Repair Settlement via Partner Workshops
Kasko claims handling mechanism allowing direct settlement with certified partner workshops when WerkstattBonus tariff is selected
SourceDeductible / Self-Retention Options
Flexible deductible selections available for both partial and full Kasko coverage with multiple variant options
SourceMitversicherte Fahrzeugteile (Factory-Installed and Attached Parts)
Standard Kasko coverage for factory-installed vehicle parts and attached accessories up to specified limits for aftermarket parts
SourceClaims History Adjustment in Rating Classes
Mechanism for adjusting insurance rating classification (Schadenfreiheitsklasse) based on claims history in both liability and full Kasko coverage
Source