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Insurance Form

No: 441/191 Date(g): 22/7/2020 | Date(h): 2/12/1441 Status: In-Force

 

Insurance Form

(to be filled by the Lessor and the Lessee at the beginning of the Finance agreement)

Lessor and Lessee Information

 

(Lessor)

(Lessee)

National ID number for

Saudi nationals

Commercial

Registration No.

  

Name of Lessee and

Lessor

  

Phone number

  

National Address

  

Vehicle Details

 

Chassis No.

 

Registration Plate No.

 

Vehicle Registration Expiry Date

 

Vehicle Color

 

Customs Card No.

 

Type of Chassis

 

Year of Manufacture

 

Vehicle Make

 

Names of

Authorized Drivers

 

Vehicle Model

 

Annual Depreciation Percentage of Motor Vehicle

 

Actual Value of Motor Vehicle

The approximate value of the Motor Vehicle for the next years from the Motor Vehicles Financially Leased Contract.

First Year: (actual value of Motor Vehicle selling price)

 

Second Year: (Motor Vehicle value based on depreciation percentage)

 

Third Year: (Motor Vehicle value based on depreciation percentage)

 

Forth Year: (Motor Vehicle value based on depreciation percentage)

 

Fifth Year: (Motor Vehicle value based on depreciation percentage)

 

Deductible

 

Additional Benefits

 

Repair Method (dealerships or certified auto repair shops)