What insurance do you choose with a financial lease?
Most banks require you to choose an All-risk insurance policy when you finance your car through them with a financial lease. Some banks give you the choice, but still strongly advise you to take out All-risk insurance.
From our experience we share this advice and recommend an all-risk insurance to be well protected against major financial setbacks. It could unexpectedly happen that your lease car is stolen or that you total the car yourself. Without all-risk insurance, you will not be reimbursed for anything. Because the car can no longer be used in case of theft or total loss, the bank will terminate the lease agreement and you will be required to repay the outstanding loan amount in full immediately.
If the car is properly insured, the insurer will transfer this amount to you and you can then buy a new car. If you are insufficiently insured, you can lose your car in a short period of time and have to pay off a large sum of money. For this reason, we recommend that you take out all-risk insurance. If you prefer to take out third-party or limited liability insurance on your lease car, then take out traffic legal expenses insurance with it (if you do not already have it). With this you can count on legal assistance in case you suffer damage in traffic due to the fault of another party.
WA insurance
Damage to other or other people’s belongings:
Caused with your car
By stuff falling off your car
By the trailer, caravan or folding trailer hitched to your car
WA + Limited Casco
Damage to other or other people’s belongings:
Caused with your car
By stuff falling off your car
By the trailer, caravan or folding trailer hitched to your car
Damage to your car due to:
Fire, explosions, storms, hail and natural disasters such as avalanches and floods
Short circuit in the car
Collision with birds and stray animals
Theft, fraud, embezzlement and/or vandalism or attempted vandalism, joyriding, burglary
Window breakage on the windows of your car
Warranty clause financial lease policy
WA + Full Casco
Damage to other or other people’s belongings:
Caused with your car
By stuff falling off your car
By the trailer, caravan or folding trailer hitched to your car
Damage to your car due to:
Fire, explosions, storms, hail and natural disasters such as avalanches and floods
Short circuit in the car
Collision with birds and stray animals
Theft, fraud, embezzlement and/or vandalism or attempted vandalism, joyriding, burglary
Window breakage on the windows of your car
Warranty clause financial lease policy
Damage to your car:
Collision
Turn over
Running off the road or falling into the water
Any other sudden cause from outside the car or caused by the driver (without intent)
Guarantee clause financialleasepolis
Occupant damage insurance
With passenger accident insurance, we insure the driver and co-occupants of your car. Peace of mind if, for example, your children, partner or friends are riding with you. After an accident, besides the personal injury, damage to luggage or clothing of the passengers is also compensated. We compensate up to € 1,000,000 per claim. More importantly, your own damages are also compensated.
Own Transport
With the Own Transport coverage you insure your own tools and materials in your van against damage and theft. In case of theft from the van or from the van, insurer will pay the damage up to the maximum amount chosen. The amount chosen is shown on your policy schedule. It can be theft during transport, but the items are also insured in case of burglary at night. A condition, of course, is that you comply with the security requirements. For the exact conditions we refer you to the policy conditions.
Breakdown assistance
Something unpleasant can always happen. It’s never fun. Especially when you’re driving. Because there you are, with breakdown along the road. What should you do? Who should you call?
With the breakdown cover you can use our emergency center. Wherever your car breaks down, at home, in the Netherlands or even in Europe. Always available, day and night. You will be helped immediately.
Legal Aid
Car damage is always annoying. Especially if a dispute arises about who is responsible and who should compensate the damage. With this you get legal help to recover (personal) damages, also in case someone has damaged your parked (van) car.