If you enter into a long-term lease contract with purchase option, the merchant can require that you get insurance. The merchant may not, however, require that you purchase this insurance from a specific insurer.

Choice of insurance

When merchants require insurance, they must inform you that:

  • you can purchase this insurance from the insurer or representative of your choice;
  • you can provide insurance that you already hold.

The contract must then also include a mandatory reference to the insurance (41.0 KB).

A merchant may, on reasonable grounds, refuse the insurance you have chosen or that you already hold.


Last update : February 4, 2020

Were you unable to find an answer to your question? Please call us.

The information contained on this page is presented in simple terms to make it easier to understand. It does not replace the texts of the laws and regulations.