Leasing and Rental Concerns
Heaton Bennett Insurance can help you alleviate concerns you running a leasing and rental operation. Even if you require the party that leases you equipment to carry liability and physical damage coverage, their insurance carrier may not cover the loss. This is where we come in with a policy to help cover you.
The following coverages are available for leasing and rental operations:
- Contingent Physical Damage Coverage
- Contingent Liability Coverage
- Second Level Coverage
To get a better understanding of these coverage options and the protection they provide, call Heaton Bennett Insurance and speak to a licensed agent at one of our offices. Heaton Bennett Insurance is a Trucking Insurance Specialist and can insure everything from your trucks and trailers to your business and employees. Give us a call today. 512-372-8311
Frequently Asked Questions
Who is responsible for insuring a leased or rented truck?
Responsibility depends on the rental or lease agreement and the insurance maintained by each party. The agreement should be reviewed before the vehicle is placed into service.
Does an existing truck policy cover a temporary rental?
An existing policy may provide limited coverage for an eligible temporary substitute or rented truck, but this should not be assumed. Texas trucking businesses should confirm coverage before accepting the vehicle.
Can physical damage coverage be purchased for a leased truck?
Physical damage coverage may be available and could be required by the owner or leasing company. Limits, deductibles, valuation, and loss-payee requirements should be reviewed.
Are rented trailers covered under a trucking policy?
Rented or borrowed trailers may require separate coverage or endorsements. Businesses should confirm liability and physical damage protection before using equipment owned by another party.