Leasing Insurance

Just like buying a car, when you’re leasing a car, you will have to ensure you have the appropriate insurance in place.

You must be fully comprehensivly insured with a start date on or before the day your car is to be delivered and needs to remain insured to the day of the vehicles return

The person whose name the lease is in must be the named driver on the insurance certificate.

It is important to note that the finance company owns the vehicle, you must ensure that the finance company is the registered owner on your policy.

Insurance Must Haves

  • Fully comprehensive vehicle insurance should be organized by leasing customers.
  • Insurance must start from the day of delivery till the end of the leasing contract.
  • For personal leasing, the individual named on the lease contract has to be named the insurance policyholder.
  • For a business lease, the company or the director’s name has to be named the insurance policyholder.
  • The car insurance company has to be informed that the finance company is the owner of the vehicle.