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Glossary of Terms

Insurance Fee

Your lease contract may require you to have insurance that protects the equipment against all risks of loss. There are two options available to you:

  1. Either you can cover the equipment under an existing commercial policy and provide us with proof of that coverage, or
  2. We will secure coverage for Marlin’s interest in the equipment* and bill you a fee for such coverage. This fee is called an Insurance Fee.

If you are required to have your equipment insured, you will receive a letter from our Insurance Service Center that will explain your options in more detail. For complete details, please contact our Insurance Department at 877-733-4433.

*We will be the beneficiary of this coverage and will be the insured party under a master insurance policy.

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