Lease Purchase Insurance
- You are responsible for the first $3,000 if involved in an accident.
- Accident / Cargo Escrow is required. This covers the first $3,000 for any related damages that might occur. Interest is paid quarterly on the amount in escrow. Deducted at $100 weekly for the first 30 weeks.
- Base Plate: Weekly rental for the full term of lease purchase.
- Hornady pays the road use tax for the lessee and charges it back – Total of $550.00 yearly.
- Bob-Tail / Non-Trucking: Liability $1,000,000 minimum required coverage. Monthly cost is based on truck values.
- Collision / Physical Damage Required coverage
- Workers Compensation Required