AUTO LEASE Contingent Coverage for Auto Lessors

LESSORS CONTINGENT LIABILITY

As the Lessor and owner of a leased auto under written agreement of one year or more, the Lessor could be joined as an additional defendant in legal action if their lessee is involved in an accident and has failed to maintain liability insurance as required by the terms and conditions of his lease.  Lessors Contingent Liability insurance protects their interest as Lessor if, for reasons beyond their control or knowledge, the insurance provided by the lessee is not the insurance required by the lease agreement or is not present.

LESSORS CONTINGENT PHYSICAL DAMAGE

As the owner of a leased auto, the Lessor could face a financial loss if his leased car has a physical damage loss and the lessee has failed to maintain the physical damage insurance required by the terms and conditions of his lease.  Lessors Contingent Physical Damage insurance protects the Lessor’s interest in the auto if, for reasons beyond his control or knowledge, the lessee’s insurance is not present.

INTERIM CAR COVERAGE

“Interim Autos” means an auto that at the time of accident or loss the Lessor owns and intends to lease to others and is not assigned to a lessee under a written lease agreement, or an auto returned to the Lessor after the expiration or early termination of such an agreement while held for sale or reassignment under a new written lease agreement.  Interim Auto does not mean an auto the Lessor owns that is assigned to a specific person, organization, company, employee, or family member for their day to day use.

Contact

URL: http://www.gmi-insurance.com/products/auto-lease

AUTO BODY and REPAIR

Eligible Operations

• Auto repair shops/general auto service
• Auto Body/Paint Shops with UL approved spray booth
• State inspection Stations
• Quick Lube and Oil Stations

Available Coverage

• General Liability
• Garagekeepers Liability
• Building
• Personal Property
• Business Income
• Auto Liability
• Physical Damage

Contact

URL: http://www.gmi-insurance.com/products/auto-rental-fleet

BUSINESS AUTO Mono-Line Insurance Program

Our Business Auto Monoline Insurance program offers competitive rates and same-day quotes for qualifying accounts.

GMI represents A-rated admitted insurance companies.

Eligible accounts are:

• Automobile fleets that involve the use of commercial vehicles
• Private passenger cars to support business activities where the primary goal is to sell and distribute products, perform contracting operations, and provide services to customers.

Contact

URL: http://www.gmi-insurance.com/products/business-auto