GENERAL KNOWLEDGE

Detailed explanation-1: -In most states, whether you’re financing a vehicle, entering a car lease agreement, or paying upfront, you’ll need to purchase liability auto insurance.

Detailed explanation-2: -It is an option provided to middle and senior management levels generally. The employer gets into a tri-party contract with a leasing company/bank to provide vehicles to their staff, and employee for a specified tenure which vary between one leasing company to another.

Detailed explanation-3: -A full repairing and insuring lease (“FRI Lease”) is a lease in which the tenant takes on all of the costs for repairs and insurance for the property being leased from the landlord.

Detailed explanation-4: -According to Florida Statutes, you will need $100, 000/$300, 000 of bodily injury liability insurance and $50, 000 of property damage liability if you are the lessee. Local laws and the lease car insurance requirements for your specific situation may vary, so we recommend you speak to one of our experts for assistance.