What is Auto Lease/Loan Security Coverage and what is the charge for it?
This coverage provides additional protection in the event of a total loss to a covered auto for which the auto lease/loan coverage has been purchased. Coverage must be requested within 60 days of the lease or purchase of the vehicle. Coverage would be provided for the difference between the actual cash value of a covered auto and the amount due under the terms of the lease/loan agreement. The premium for this coverage varies depending on the vehicle. 9.
Related Questions
- Can Lease/Loan Security coverage be written on a new application if the car was leased two years ago and the same coverage was provided on the previous policy?
- How much security deposit should I expect to charge when creating a lease?
- What is Auto Lease/Loan Security Coverage and what is the charge for it?
