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Old 12-06-2007, 09:55 PM
higs59569 higs59569 is offline
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Default How will a lease effect my car insurance?

Im not looking for opinions. I need FACTS about what my insurance coverage will need to be if i lease a truck. Thank you!


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Old 12-06-2007, 09:56 PM
bmwdriver11 bmwdriver11 is offline
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LOL. Nobody can give you facts, without knowing what leasing company you will be using. Each company has its own requirements as to what limits you must carry. Call the leasing company you plan to use and ask them what limits they require on leased vehicles. They'll be more than happy to tell you.
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Old 12-06-2007, 10:12 PM
Fred C Fred C is offline
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On a leased vehicle, the agreement tells you what MINIMUM coverage is required by the leasing company. You will absolutely need collision/upset and comprehensive, and they will tell you what maximum deductible is, usually $1,000. They will tell you the minimum liability coverage. In Canada, it is usually $1,000,000, sometimes $2,000,000. In the US, it could be less, but it will be spelled out exactly, word for word, in the lease agreement. Whatever coverage is required, you are better off if you carry lower deductible and higher liability.

You want facts? You have the paperwork that tells you the facts, we don't. However, if you want to e-mail me all the wordings, I will happily interpret them for you.
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