Lease Care is a product
designed to indemnify the insured for loss or damage to leased property caused
by fire or theft during the period of insurance. It also pays the balance of
the loan on the leased property upon death of the lessee.
Banks• Hire purchase companies
• Finance Houses
• Leasing Companies.
Benefits• Serves as collateral for the lessor.
• Guarantees the payment of the balance of the loan on the leased property.
• It provides protection for lessee and lessor.
• It offers reduced premium cost