Anonymous
Urbandale,#2Consumer Comment
Fri, August 22, 2008
I assume you didn't turn this into your insurance company. Why? They specifically state in their contract that you have to have insurance before ever letting you lease their machines and service. If you had turned it into your insurance, they would have paid your remaining balance. This can only mean you either lied about your insruance and didn't have any or you didn't report this. Online under their FAQ's section: "Does the equipment I lease require insurance? Yes, you are required to provide proof of insurance to protect the leased equipment against loss or damage. If you do not provide the required insurance, your account may be subject to additional monthly fees. To provide your proof of insurance see the Insurance Information Form." This is what the required insurance form states. "Insurance is a requirement of your lease. Please provide the information below so Ladco Leasing may be named as Loss Payee and Additional Insured on your insurance policy." You dropped the ball on this one.
Inspector
Tobyhanna,#3Consumer Comment
Fri, August 22, 2008
What makes you think the company that leased you the equipment has to pay for the damage to it? If you lease a car, you must insure it so that the seller of the car can get their money back. I feel for your loss but, wake up dude and pay the man. And be thankful they gave you a $500 deduction. Charles