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If I salary package a motor vehicle via a novated lease, do I have to insure my car?

April 26, 2017car insure lease motor novated package salary vehicle

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If I salary package a motor vehicle via a novated lease, do I have to insure my car?

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Most finance leases, whether novated or not, will require comprehensive motor vehicle insurance. Some will require the finance company to be named as an interested party on your policy.