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Contingent Auto Lease

Vehicle Protection in Third-Party Liability Claims

In the complex world of commercial auto insurance is this specialized coverage for leasing operations. Our program is designed to cover a multitude of potential exposures on a contingency, excess, physical damage and interim basis for a minimum 12-month term.

The program offers secondary insurance that typically protects the lessors—the owner of the vehicles. Our extensive experience in a broad range of auto exposures combined with our proactive claims management partners have a demonstrated track record of success. It is a combination of this service driven approach to leasing operations that has led to an average annual retention rate of over 90%.

Who We Cover

• Independent leasing companies

• Automobile manufacturers

• Local dealerships

• Financial institutions

Program Details

• Underwritten with top A.M. Best “A” rated carriers

• All claims handled in-house

• Minimum 12-month term

• New ventures considered

Lessors Contingent Liability

• Bodily Injury $100,000 per person, $300,000 per occurrence

• Property Damage $50,000 per occurrence ($100/$300/$50)

Lessors Only Excess Liability

• The difference to $1,000,000 CSL (or higher) per occurrence

• Minimum required underlying coverage is $100,000 per person, $300,000 per occurrence, Bodily Injury; and $50,000 per occurrence, Property Damage

Lessors Contingent Physical Damage

• Comprehensive $1,000 deductible  / Collision $1,000 deductible with a maximum limit of $50,000 per vehicle

Interim Car Coverage

• Bodily Injury $100,000 per person, $300,000 per occurrence

• Property Damage $50,000 per occurrence ($100/300/50) to include $1,000 deductible Comprehensive and Collision coverages

• Maximum Physical Damage limit of $50,000 per vehicle

• If purchased, the excess policy will provide excess liability over the Interim Liability at no additional charge

Available to retail agents in all states except LA and NY at this time.

Need a Quote?

As a GMI Appointed Agency / Agent, you can submit your quote requests online. Send us a completed application and we'll get you a quote. It's that easy!

To become an Appointed Agency / Agent, please fill out and return our agreement, and provide your agency’s insurance license(s), E&O and W-9 along with your quote submission which should include the below required forms.

Required forms and information:

GMI Contingent Auto Lease Application

• Copy of current lease agreement

• Loss runs for the past five (5) years preferred, will accept three (3) years

Program Contact

Mark Trudel

For a complete contact information, click here.


“Your team is always so quick with driver approvals.
Much appreciated!”

Lisa A.
Florida Agent

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