answersLogoWhite

0

Yes

User Avatar

Wiki User

16y ago

What else can I help you with?

Related Questions

What is the definition of Tenant's Legal Liability?

Provides insurance against legal liability for property damage to business premises leased or rented to the insured.


What insurance policy protects you against financial loss when your car damages the property of others?

Liability


What is financial liability?

If you have financial liability, they you have to pay money if something goes wrong. Liability means you can be held responsible and financial means money.


Can you keep paying for and drive a deceased person's leased car?

Legally no, The insurance company does not have a rating for you on the car and you dont have an insurable interest (legal term for financial responsibility) in the car. Therefore the lease holder would be obligated to take the car back to prevent a financial loss in the event of an accident.


Can your guarantor on your car be your boyfriend?

Yes, if he has sufficient credit and wants to assume that kind of potential financial liability.


How much liability insurance do I need on my car?

The amount of liability insurance you need on your car depends on your state's minimum requirements and your personal financial situation. It is recommended to have enough coverage to protect your assets in case of an accident.


What is capitalized lease obligations?

Capitalized lease obligations refer to lease agreements where the lessee records the leased asset as a capital lease on their financial statements. This means the lessee treats the leased asset as if it were purchased with a loan, and includes the lease payments as both an asset and a liability on their balance sheet.


Can you get a title loan on a leased car?

No, because it isn't your car.


When your car is leased when can it get repossessed?

When the lease expires


Do you have to pay for insurance for a leased car?

Yes


What if you total a car that is leased?

That's what insurance is for.


Do you pay insurance for a leased car?

Yes