Our signature product is unique to the industry. Contingent/Excess insurance is bundled with primary insurance tracking to provide a complete risk management package. When LTS tracks the lessees' primary insurance, the Contingent/Excess carrier agrees to delete the due diligence requirements and to remove many of the policy's exclusions and restrictions. The excess policy becomes a true follow-form policy, not a "difference-to" form. The lessor obtains complete coverage, allowing him or her to concentrate on company growth without concern over insurance exclusions or administrative costs.

Covered Autos

• No GVW exclusion
• No trucking exclusion
• No limousine exclusion
• No public livery exclusion except for taxi cabs and school buses with a seating capacity in excess of 20 passengers
• No driver school usage exclusion
• No ambulance or emergency vehicle exclusion
• No police or security car exclusion

For Coverage To Apply

• The limit of insurance carried by the lessee does not need to be less than your contingent liability limit

Limit of Insurance

• The limit of insurance is the full amount shown on the declarations page
• Does not depend on any other insurance available to you

Records

• You do not need to keep records of Certificates of Insurance or documentation or correspondence pertaining to those Certificates
• The insurance company can only audit your records as it pertains to your premium, not Certificates, documentation or correspondence

Due Diligence

• All standard due diligence requirements are deleted
• The only requirement is that you will maintain the services of LTS for the purpose of tracking your lessees' primary insurance

Leased Auto Definition

• The lessee does not need to provide you with a Certificate of Insurance

When The Lessee Has Primary Coverage In Force

• The full limit of liability shown on the declarations page is available
• "Difference-To" wording has been deleted

When The Lessee Has No Primary Coverage In Force

• The limit available to you is the limit shown on the declarations page, minus any payment made by the Contingent Liability policy

For those customers who prefer to unbundle the products, we can provide insurance and tracking on a stand alone basis. If LTS does not track, the C/E policy reverts to the industry standard form