Skip to Content

residual value insurance

Residual value insurance guarantees the owner of leased personal property (e.g., autos or equipment) a particular value at a specified future date, usually the termination of the lease.

On This Page

residual value insurance

Residual value insurance guarantees the owner of leased personal property (e.g., autos or equipment) a particular value at a specified future date, usually the termination of the lease.

Additional Information


Covers the difference between the actual liquidated value of property returned to the insured lessor and the expected value of the property specified in the policy.