Lease Protect has been developed by Reassure Limited in conjunction with specialist automotive brokers and underwriters.
Our policy is aimed specifically at the insurance, manufacturer, lease, contract hire and hire purchase markets, but can be tailored to fit most requirements.
Quite simply, Lease Protect will ensure that your vehicle is returned in an acceptable condition ready for re-sale, eliminating any risk of additional costs or charges for the end-user.
Whilst Lease Protect does not guarantee residual value, by using an authorised refurbishment network and by having audited quality control procedures, it does however, enhance the vehicles potential for realising its maximum market value.
Lease Protect can also be offered in a suite of options, similar to GAP, at vehicle point-of-sale, contract or lease agreement and can be included in the total finance package of the vehicle.
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> Fully underwritten automotive insurance product
> New and unique
> Provides cover to the insured against the cost of rectification work required at lease-end
> Provides the lease/finance/insurance company with an additional profit opportunity
> Ensures continuity of business relationships by removing lease-end disagreements and conflicts
> Ensures a consistently high standard of rectification work
> Enhances residual values
> Fixes the cost of rectifications up to three years in advance, absorbing RPI
> Enables faster realisation of residual vehicle value at lease-end
> Can be applied to leased or purchased vehicles
> Removes the need for costly independent evaluations at lease-end
> Provides a managed vehicle return service
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