Insurance on a lease car

[Green_Ninja]

The Lease company will be happy as they are covered for the balance hence will accept the payment, you could check t&cs of your insurance to see if they are obliged to give you anything bit essentially the owner of the vehiclehas accepted a settlement figure which answers the obligation on the part of the insurer. Should you have been in negative equity then you would probably found that GAP was included in the leasing agreement.. shit news I suspect, I wonder if there's a way to argue the deposit value should be accrued onto a new car due to you paying to insure the car to market value..

that makes sense however as I asked who actually paid for the insurance because if it was Dan (or his Co) the insurer should have dealt with them not the lease co because the contract will be with the person/co paying for the insurance surely?

[Manic636]

The Lease company will be happy as they are covered for the balance hence will accept the payment, you could check t&cs of your insurance to see if they are obliged to give you anything bit essentially the owner of the vehiclehas accepted a settlement figure which answers the obligation on the part of the insurer. Should you have been in negative equity then you would probably found that GAP was included in the leasing agreement.. shit news I suspect, I wonder if there's a way to argue the deposit value should be accrued onto a new car due to you paying to insure the car to market value..

that makes sense however as I asked who actually paid for the insurance because if it was Dan (or his Co) the insurer should have dealt with them not the lease co because the contract will be with the person/co paying for the insurance surely?

Yes and no,  contract. To supply the. Insurance. Service is with the payer but contract to pay restitution. Is with the owner (flipping. Touch screen).