Contingent Physical Damage

As the owner of the leased vehicle, the leasing company could face a financial loss if their leased auto has a physical damage loss and lessee has failed to maintain the physical damage insurance required by the terms of the lease.

Coverage is provided as an endorsement in the C&E policy

• Pricing can included in the C&E policy or be provided on a per lease in a Lender Single Interest policy
• The VSI policy provides more coverage but is more expensive. The rate ranges between $15-$25 per lease.