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TWG LeaseCare™is an innovative insurance product covering contractual lease end rectification costs in the vehicle leasing industry.
As many people are aware, a vehicle has to be returned at the end of its lease in an acceptable condition, as defined by the lease contract. If a vehicle is returned in an unacceptable condition repair and refurbishment costs can be a very nasty surprise.
These costs can go into the thousands and in general all vehicles returned at the end of lease have an element of wear and tear.
Last year UK companies faced a £130 MILLION bill for end of contract penalty charges for excessive wear and tear.
(Source - Fleetnews.net FN50)
Risk Transfer Insurance Management Ltd, Registered in England No. 05917809
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Risk Transfer Insurance Management Ltd is an Appointed Representative of London General Insurance Company Ltd
Risk Transfer Insurance Management Ltd, Registered in England No. 05917809 Risk Transfer Insurance Management Ltd's FSA reference number is 459806.