Protection against life’s ups and downs

Life is full of change – whether it’s the birth of a new baby, the need to care for an elderly relative, the risk of redundancy and bankruptcy or the opportunity of a new job abroad. The chances are that some unforeseen event - resulting in a change to financial circumstances - may happen at some stage during the term of a lessee’s vehicle lease agreement.

ETInsurance is designed to free your lessees from financial commitment for private vehicle, company car and light commercial vehicle lease rentals, should their personal circumstances change unexpectedly. It enables the lessee to hand the vehicle back, without the worry of funding the difference between the market value of the vehicle and the outstanding finance settlement amount.

Design a programme to meet the needs of your target market

Lease & Loan Insurance Services Ltd arranges bespoke coverage for lessors to meet the specific requirements of individual lessees or corporate clients. Our ETInsurance programme can be tailored to cover a wide range of life-changing events and differing deferment periods. Example coverage includes:

• Bankruptcy
• Unemployment
• Loss of driving license
• Expatriation
• Carer responsibilities
and policies can also include one of the following “voluntary” circumstances:
• Resignation,
• Maternity or paternity cover.

Deposit Protection

In addition to covering the difference between market value and outstanding finance, the insurance can also be structured to cover the deposit paid by the lessee, in the case of an involuntary event (such as bankruptcy or unemployment) occurring.