What insurance to go for?

[byan1232]

Oh I actually don't know much about the requirements for leasing. I actually purchased via cash.

 

[ChadFeldheimer]

I used to have Geico. I carried an umbrella policy to increase the coverage limits. That might work for you. You should confirm with the bank that issued the lease (I didn't have the same constraint).

 

[gaurav91pandey]

I used to have Geico. I carried an umbrella policy to increase the coverage limits. That might work for you. You should confirm with the bank that issued the lease (I didn't have the same constraint).

I am leasing with Tesla leasing. I found a $500k liability with progressive. It is a $500k csl (combined single limit) I don't know if it will work. I am too scared. The delivery is coming near and I don't wanna lose the car because of this

 

[rog]

They don't accept CSL. Needs to be split limit as outlined in the insurance requirements.

 

[gaurav91pandey]

They don't accept CSL. Needs to be split limit as outlined in the insurance requirements.

Nobody is giving me that kind of insurance. Geiko only offers $300k/$300k insurance. Many people have $100k/$300k with Tesla lease. I don't know how they got that.

Did you have experience with CSL and tesla?
Can we have any insurance at time of delivery and change later?

 

[rog]

I'm not sure if they check your insurance regarding those details at delivery... But I specifically asked about CSL, they checked with their manager and said no.

I guess what most people do is adding an umbrella. Also, there are companies that provide $500k coverage (e.g. Amica).

 

[gaurav91pandey]

I'm not sure if they check your insurance regarding those details at delivery... But I specifically asked about CSL, they checked with their manager and said no.

I guess what most people do is adding an umbrella. Also, there are companies that provide $500k coverage (e.g. Amica).

So I spoke with Tesla Leasing today. They said $500k CSL is accepted and there is a max deductible limit of $1000. GAP insurance is included in the lease.

 

[rog]

So I spoke with Tesla Leasing today. They said $500k CSL is accepted and there is a max deductible limit of $1000. GAP insurance is included in the lease.

Love it how they have a clear corporate policy on such things