Legal Question in Personal Injury in California
I signed a 3 years lease on my AUDI A4 on September 13, 2010. I received a letter from AUDI Financial Services 3 months later stating that my current insurance policy doesn't' meet their requirements. Specifically, the liability limits are too low. Nobody has mentioned that to me when I signed a contract. The coverage they are requesting now will substantially increase my insurance premium. Can they do that late in the game? They have failed to disclose that at the time of the deal.
Sincerely,
Natasha Delon
1 Answer from Attorneys
The insurance requirements for leased vehicles are usually listed on the lease contract itself. It is normal and customary for a lease contracts to require liability limits of 100,000/300,000 and 50,000 property.
Take a look at the fine print on the back of your lease contract and you should be able to find the specific requirements for your vehicle.
You would be responsible for maintaining the required insurance limits pursuant to the terms of your lease agreement.
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