Have you had experience leasing a car before in the State of Florida?
Are you curious to know whether you need to increase your car insurance coverage in order to lease a car?
The short answer is yes, you need more insurance if you plan on leasing.
The MINIMUM required auto insurance coverage in Florida on a standard leased vehicle is:
-$100,000/$300,000 in Bodily Injury Liability Coverage
-$50,000 in Property Damage Liability Coverage
-$1,000 maximum Comprehensive Insurance Deductible
-$1,000 maximum Collision Insurance Deductible
The recommended level of coverage for a leased vehicle would include $500 deductibles on comprehensive and collision insurance, as well as a loan or lease pay-off coverage and uninsured motorist coverage to suit your level of concern.
If you’re interested in making the switch from vehicle ownership to leasing and don’t think you have the right coverage, please contact me @ 954-368-0060 or via email by messaging Allie@NorthBrowardInsurance.com
I can help you determine the value and rating of your current insurance coverage in Florida and