Motor Vehicles > Leased Vehicle Insurance
When deciding whether to lease or purchase a vehicle it is necessary to know the costs over the life of the three year lease. The vehicle leasing company offers fixed costs for the period of the lease and we are able to provide pre agreed insurance premiums for the life of the lease. These premiums will not increase from year to year, even if the driver has an accident.
We can also arrange Gap and Early Termination Insurance.
- Both types of policy provide cover in the event of any shortfall in vehicle value if the lease is surrendered early.
- Gap cover provides protection if the vehicle is “written off” following a motor accident.
- Early Termination Cover provides protection when for example the lease is surrendered early because a senior employee has left the employer and there is no immediate replacement or other employee at that level of seniority entitled to that particular vehicle.