| As part of The First
Class Lease, what is the relationship between Mercedes-Benz
Financial Services and my insurance company? |
 |
| What kind of coverage am I
required to have? |
|
| What should I do if my car
is stolen or involved in an accident? |
|
| How should I handle insurance
checks for losses and repairs? |
|
| What if my leased vehicle
is declared a total loss? |
|
| Who may drive my car? |
|
| What if I change insurance
companies? |
|
| Return to FAQs Home |
|
| As part of The
First Class Lease, what is the relationship between Mercedes-Benz
Financial Services and my insurance company? |
| Depending on when your contract is dated, your contract may require that DaimlerChrysler Financial Services Americas LLC, DCFS USA LLC,
Mercedes-Benz Financial Services USA LLC, DCFS Trust or Daimler Trust be listed on your comprehensive and collision coverage as the "loss payee" and as "additional insured" for liability coverage.
Note: Since DCFS USA LLC is the former name of Mercedes-Benz Financial Services USA LLC, you may list Mercedes-Benz Financial Services USA LLC instead of DCFS USA LLC.
Please check your contract for the appropriate loss payee name.
Please have your insurance agent send complete documentation of all policies, renewals or cancellations to: |
|
| Mercedes-Benz Financial Services |
| Insurance Services Department |
| P.O. Box 1800 |
| Roanoke, TX 76262-1800 |
|
| Top |
|
| What kind of coverage
am I required to have? |
Your First Class Lease agreement requires these minimum
coverages:
- Bodily injury liability not less that $100,000 per person and
$300,000 per occurrence.
- Property damage liability not less that $50,000
- Or, a combined single limit of $300,000
- Comprehensive and collision coverage for the actual cash value
of the vehicle.
- $2,500 maximum allowed deductible. |
|
| Top |
|
| What should I do if my
car is stolen or involved in an accident? |
| All thefts must be reported to your insurance carrier and to the Client Service Center at (866) 321-8351.
An authorized Mercedes-Benz Dealer should repair damages.
Substandard repairs could cause charges at the end of your lease. |
|
| Top |
|
| How should I handle
insurance checks for losses and repairs? |
| Depending on when your contract is dated, your contract may require that DaimlerChrysler Financial Services Americas LLC, DCFS USA LLC,
Mercedes-Benz Financial Services USA LLC, DCFS Trust or Daimler Trust be listed as the loss payee.
In regard to contracts dated prior to October 1, 2007, the check should be issued jointly to DaimlerChrysler Financial Services Americas LLC or DCFS Trust (if a lease) and you.
In regard to contracts dated after to October 1, 2007, but before November 15, 2010, the check should be jointly issued to DCFS USA LLC or Daimler Trust (if a lease) and you.
Note: Since DCFS USA LLC is the former name of Mercedes-Benz Financial Services USA LLC, the check may be issued jointly to Mercedes-Benz Financial Services USA LLC (instead of DCFS USA LLC) and you.
In regard to contracts dated after on or after November 15, 2010, the check should be jointly issued to Mercedes-Benz Financial Services USA LLC or Daimler Trust (if a lease) and you.
To speed up the release of your vehicle from the body shop, promptly send joint-payee checks, before you endorse them, to the address below. This is the only address that is authorized to endorse these checks.
Insurance checks over certain amounts may require the physical inspection of repairs before Mercedes-Benz Financial Services can endorse the check.
Please enclose the name and telephone number of the body shop and note your account number on the check. Send to: |
|
| Mercedes-Benz Financial Services |
| Insurance Services Department |
| P.O. Box 1800 |
| Roanoke, TX 76262-1800 |
|
| Top |
|
| What if my leased
vehicle is declared a total loss? |
| The difference between the actual cash value of the vehicle
paid by your insurance company and the net outstanding balance
owed to Mercedes-Benz Financial Services is covered by a GAP Waiver. This
protection applies as long as your insurance is in place at the
time of the loss and your monthly lease payments are current up to
the time Mercedes-Benz Financial Services receives the proceeds from your
insurance company. You will also be responsible to Mercedes-Benz
Financial Services for an amount equal to your policy's deductible. For
more information, call our Client Service Center at (800)
654-6222. |
|
| Top |
|
| Who may drive my car? |
| Persons listed as lessee or co-lessee on The First Class
Lease® and those who are insured under your current policy and
have a valid driver's license. |
|
| Top |
|
| What if I change
insurance companies? |
| If you're renewing, canceling or changing carriers, have your
agent send a copy of your new policy or binder to Mercedes-Benz
Financial immediately at the address below. The "loss payee" and
"additional insured" names should remain the same. Cancellation
notices must be received by Mercedes-Benz Financial Services within 30 days
of the effective date. Send to: |
|
| Mercedes-Benz Financial Services |
| Insurance Services Department |
| P.O. Box 1800 |
| Roanoke, TX 76262-1800 |
|
| Top |
