When Leasing A Car Does It Include Insurance

What insurance do you need for a leased car?

The leasing entity determines insurance requirements, but most new car insurance policies for a leased car require comprehensive and collision coverage. You'll also need auto loan/lease (or gap) insurance.

What is GAP insurance on a leased car?

You need gap insurance for a leased car because drivers of leased vehicles often owe more money that the auto is worth. Gap, or “guaranteed auto protection,” insurance pays the difference between what you owe on your car and what it’s worth.

What is auto insurance?

Auto insurance provides coverage for:Property – such as damage to or theft of your carLiability – your legal responsibility to others for bodily injury or property damageMedical – the cost of treating injuries, rehabilitation and sometimes lost wages and funeral expenses

When Leasing A Car Does It Include Insurance

Leave a Reply