Not only a lease car owner. But also as a lease car lessee. Right, you are dead right. The leased cars owners only want no of it. That is why as well as no fault insurance, you will also need to have comprehensive auto insurance as well.
Why is the leasing car insurance so important? Well, just like when driving your own car, even if your lease runs out, there is a possibility of your car getting damaged. So, the lease car insurer needs to cover any damage to your car. Even if the car has a history of not being insured. You do not want that. That is why you need to add comprehensive insurance as part of your lease car insurance for your vehicle. You will also need liability insurance for that.
So, how does comprehensive insurance work? It protects you and your car against all types of damages that are out of the owner's control. The usual things covered would include but are not limited to:
Comprehensive coverage is something that the owners of your car will want you to have. What does this mean? It means that if your car is damaged, the owner or lessee will be liable for any financial damages. If it's an owner's fault, you could find yourself in trouble. As with any other kind of insurance coverage. However, with comprehensive insurance coverage, that risk is much smaller than with other kinds.
Liability insurance is also very important. It covers any damage to third parties in the case of your car being damaged in some way. The other reason is because many people don't realize that your car is an asset and not a liability. Liability insurance covers any damage to the third party, whether or not it was your fault.
So, what do you think? You need all of these car insurance if you own a leased car. It makes good business sense and it protects you as well as your leased cars. And if you are leasing a car, then all three policies should be included.
In today's world, it's important to protect all the assets that you own. Lease car insurance is very important because it does just that. All of your assets can be protected by this type of insurance. And, it's one of the reasons why it's such a good idea to have insurance on your own vehicle at all times.
So, do you really need to add comprehensive coverage? Well, that's a good question. For those who think that they don't need it, then, you may want to seriously reconsider adding it.
You need to be smart in your purchase of your vehicle. No one wants to be a victim of a car accident.
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