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Who is responsible for insuring a leased vehicle?

April 26, 2017insuring leased responsible vehicle

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Who is responsible for insuring a leased vehicle?

2 Answers

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With a lease, the customer or lessee is responsible for obtaining and paying for insurance on the vehicle. The vehicle must have full insurance coverage, including a minimum of $1,000,000 personal liability coverage, and maximum of $250.00 deductible on collision and comprehensive coverage.

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A. With a lease, the customer or lessee is responsible for obtaining and paying for insurance on the vehicle. The vehicle must have full insurance coverage, including a minimum of $1,000,000 personal liability coverage, and maximum of $250.00 deductible on collision and comprehensive coverage.