What are the insurance requirements of my leased vehicle?

What are the insurance requirements for my leased vehicle?

Your insurance policy must name Canadian Road Management Company as one of the following:

  • Loss payee
  • Lessor
  • Owner
  • Named Insured
  • Lienholder
  • Additional Named Insured 

Your insurance policy must include a Permission to Rent or Lease Endorsement. Your insurance coverage must also consist of:

  • Third-Party Liability - $1 million minimum
  • Collision All Perils and Comprehensive with deductible up to $1,000 at Lincoln Automotive Financial Services