X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

I have an insured that plans to lease their auto fleet (mom and dad own the entity) from another new entity (mom, dad, son and daughter) for taxation purposes. There will be a formal lease between the two. The CA 2001 indicates the ‘lessor’ is excluded from coverage. I believe the intention was to avoid coverage in a true lease situation like Ford Motor Credit Company. Is there another additional insured endorsement that could be evaluated for this type of scenario?

FC&S Editors

 

Get Answers Directly From the FC&S Experts

Submit your coverage interpretation question to the editors of FC&S for quick and reliable information.

Question of the Week

Insurance Coverage Q&A: Insured and Tenant Liability Under Contract ›

Questions whether an insured can cap the amount of liability under a tenant lease when insured under the CGL.

Question of the Week Archive ›

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.