I'm new to car leasing -- on my second Model S and decided to lease this time.
Anyway, I just received notice from the servicing bank (US Bank) that the proof of insurance information I provided was inadequate because it didn't "show comprehensive coverage with a maximum deductable of $500". (My current deductable is $2500.
So, is this very low deductable a normal requirement for car leases? Seems like the deductable amount is an issue between the owner and insurance company, not the leasing bank. Hate to see what this will do to my premiums...
Just curious if this is something I can challenge, or if I 'm just stuck with it (my fault for not reading the fine print, I guess).
Anyway, I just received notice from the servicing bank (US Bank) that the proof of insurance information I provided was inadequate because it didn't "show comprehensive coverage with a maximum deductable of $500". (My current deductable is $2500.
So, is this very low deductable a normal requirement for car leases? Seems like the deductable amount is an issue between the owner and insurance company, not the leasing bank. Hate to see what this will do to my premiums...
Just curious if this is something I can challenge, or if I 'm just stuck with it (my fault for not reading the fine print, I guess).