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Topical Terminology > Early Termination Insurance



1 Definition

Early Termination Insurance

For Early Termination Insurance we have a term and definition in Auto Lease.



Early Termination Insurance (Auto Lease)

With any finance agreement, if you choose to settle it early for any reason you will be charged a penalty for doing so. Early Termination Insurance is designed to provide you with cover that will pay off any penalty should you find you have to prematurely end your agreement. Early Termination Insurance gives you cover (up to a maximum of £5000) if you have to end your contract as a result of:
* Resignation
* Redundancy
* Expatriation
* Death
* Maternity




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