What insurance do I need for a leased car?

When you lease a car, leasing companies usually require you to carry your own insurance. Knowing you have options can help you be ready for the unexpected with the right protection for your leased car.
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You're leasing a car- What type of insurance should you consider? When you lease a car, leasing companies usually require you to carry your own insurance on the car, even though you don't own it. Leased cars need to be insured for full coverage, which typically means comprehensive and collision insurance, plus any other coverage required by your state. Here's how it works: Comprehensive insurance could help cover damage to your vehicle caused by unexpected events like bad weather. Collision insurance could help cover damage like hitting another vehicle. Both provide extra coverage in case anything goes wrong while you're driving your leased car. Another good Idea for leased cars is Guaranteed Asset Protection, also known as GAP coverage. When a vehicle is totaled in an accident or stolen and not recovered, you could owe more than the vehicle is worth. GAP insurance is designed to reduce or eliminate the difference between the insurance settlement and the loan balance. Comprehensive and collision insurance may not be enough to cover what you owe on the lease if your car is totaled or even stolen. Knowing you have options can help you be ready for the unexpected with the right protection for your leased car. Learn more at www.trustage.com/
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