What it does
Makes the leasing company an insured for liability arising from the leased auto and protects its interest in physical damage losses.
Who needs it
Personal auto insureds who lease vehicles.
Quoting and selling notes
- Pair with PP 03 35 (Auto Loan/Lease Coverage) for gap protection.
How PAP endorsements attach
PAP endorsements modify PP 00 01 and are listed on the declarations (PP DS 01). In the 2018 revision ISO also made editorial changes across the multistate endorsements, including a statement that schedule information not shown on the endorsement will be shown in the declarations, so check the declarations page for limits, vehicles and named persons.
Editions and availability
Current edition 09 18, replacing 08 86. State adoption varies; many states use state-specific versions of the PAP endorsements.
