​​​NEW PRODUCTS FOR AUTO & TRUCK LONG TERM LESSORS

This Business Auto Policy provides the Named Insured/Lessor, indemnity and dollar one defense coverage if the lessee's primary insurance is not collectable on the date of loss.

This policy also provides mandatory financial responsibility coverages mandated by the state in which the accident occurs in if the lessor is found legally liable. ​

This coverage form was pioneered by Ronald Ruane, Sr. This Business Auto Policy coverage form provides First Party primary liability and physical damage coverage for owned leased vehicles that are not under a written lease contract. This policy also provides minimum financial responsibility coverages mandated by the state the accident occurred in.

This policy is a following form owner only excess liability coverage form that protects the interest of the owner/lessor. This policy specifically excludes from coverage any unwanted third parties trying to collect "excess" of minimum financial responsibility limits.

$1,000. deductible comprehensive/ $1,000. deductible collision with a maximum limit of $50,000. per vehicle. As the owner of a leased vehicle, the lessor could face a financial loss if their lease car has a physical damage loss and the lessee has failed to maintain the physical damage insurance required by the terms and conditions of his lease. Lessors Contingent Physical Damage insurance protects the lessor's interest in the vehicle if, for reasons beyond their control or knowledge, the lessee's insurance is not present.​​