Early Termination Insurance

Life is full of change – whether it’s the risk of redundancy or bankruptcy, the birth of a new baby, or the opportunity of a new job abroad. The chances are that some unforeseen event – resulting in a change to financial circumstances – may happen at some stage during the term of a lessee’s vehicle lease agreement.

Early Termination Insurance (ETI) is designed for fleets and companies to free your lessees from financial commitment for private vehicle, company car and light commercial vehicle lease rentals, should their personal circumstances change unexpectedly. It enables the lessee to hand the vehicle back, without the worry of funding the difference between the market value of the vehicle and the outstanding finance settlement amount.

Design a programme to meet the needs of your target market

We arrange bespoke coverage for vehicle leasing companies to meet the specific requirements of individual lessees or corporate clients. Our ETI programme can be tailored to cover a wide range of life-changing events and differing deferment periods.

Example coverage includes:

• Bankruptcy
• Unemployment
• Loss of driving license
• Expatriation

and policies can also include one of the following “voluntary” circumstances:

• Resignation
• Maternity or paternity cover

Benefits of Early Termination Insurance

By implementing our ETI Insurance your company will benefit significantly:

• Giving cover in the event of unemployment – a key concern
• Bespoke coverage for a wide variety of unexpected life-style changes
• Unique “Loss of driving license” cover
• Competitively priced cover compared to other insurance options
• Deferment periods can be tailored to meet different client requirements