Standard Insurance Requirements of GEFS’ Master Lease Agreement
Per your master lease agreement your company is required to maintain adequate
insurance and provide evidence of such insurance to GEFS in a timely manner. Failure
to provide GEFS with evidence of proper insurance may delay state transfers
and/or license tag renewals, thus resulting in your company being responsible for
tickets, penalties or late registration fees.
Refer to your company’s master lease agreement for the specific insurance
requirements. Standard requirements (no hazardous substances or multipassenger
transport) are:
Comprehensive Auto Liability: $1 million Combined Single Limit*
* Must be a separate limit - not included with general liability with an aggregate
limit.
Comprehensive & Collision Actual Cash Value (Maximum deductible of $1,000)
Required Endorsement: General Electric Capital Corporation and its current or future
subsidiaries, including Gelco, affiliated and associated companies, joint ventures, trusts,
partnerships, associations and assigns as Loss Payee and Additional Insured
Certificates of insurance can be mailed, faxed OR e-mailed to GEFS. Contact
information is as follows:
Mailing Address: GELCO Corp. dba GE Fleet Services
PO Box 35710
Billings, MT 59107-5710
Fax Number: 1-800-668-8879
Email Address: fleet.insurancetracking@ge.com
If you have faxed or e-mailed the certificate to GEFS, there is no need to send another
copy via mail.
Please ask your insurance agent to include your company’s fleet number(s) on the
insurance certificate.