Unique Insurance Solutions for Unique Needs
AUTO
CONTINGENT + EXCESS LIABILITY

Lessors Contingent Liability

$100,000 per person, $300,000 per occurrence, Bodily Injury; and $50,000 per occurrence, Property Damage ($100/300/50).

As the lessor and owner of a leased vehicle, the lessor could be joined as an additional defendant in legal action if their lessee is involved in an accident and has failed to maintain liability insurance as required by the terms and conditions of his lease.

Lessors Contingent Liability insurance protects their interest as lessor if, for reasons beyond their control or knowledge, the insurance provided by the lessee is not the insurance required by the lease agreement or is not present.

Lessor Only Excess Liability

The difference to $1,000,000 CSL (or higher) per occurrence.

Minimum required underlying coverage is $100,000 per person, $300,000 per occurrence, Bodily Injury; and $50,000 per occurrence, Property Damage.

As the registered owner of a vehicle, this Owner Only Excess Liability policy protects the lessor, not only under the circumstance of a contingent liability claim, but also extends coverage in the circumstance that the lessee's insurance is present, but is not sufficient to handle a catastrophic incident.

This excess policy can also provide excess liability coverage over the Interim Car policy.

Lessors Contingent Physical Damage

$1000 deductible comprehensive/$1000 deductible collision with a maximum limit of $50,000 per vehicle.

As the owner of a leased vehicle, the lessor could face a financial loss if their lease car has a physical damage loss and the lessee has failed to maintain the physical damage insurance required by the terms and conditions of his lease. Lessors Contingent Physical Damage insurance protects the lessor's interest in the vehicle if, for reasons beyond their control or knowledge, the lessee's insurance is not present.

Interim Car Coverage

$100,000 per person, $300,000 per occurrence, Bodily Injury; and $50,000 per occurrence, Property Damage ($100/300/50) to include comprehensive and collision coverages. There is a maximum physical damage limit of $50,000 per vehicle.

"Interim Autos" means an auto that at the time of accident or loss the lessor owns and intends to lease to others and is not assigned to a lessee under a written lease agreement, or an auto returned to the lessor after the expiration or early termination of such an agreement while held for sale or reassignment under a new written lease agreement. Interim Auto does not mean an auto the lessor owns that is assigned to a specific person, organization, company or employee for their day to day use.