Lease Insurance FAQs

• The equipment I am leasing has been damaged. What do I do?
• I have a cheque from my insurance company in payment of damages sustained to my equipment. John Deere Credit is listed as payee with me. How can I use this cheque to pay for repairs?
• I have a cheque from my insurance company in payment of a total loss to my leased equipment. John Deere Credit is listed as payee. How should I handle this cheque?

The equipment I am leasing has been damaged. What do I do?

• Report the incident to your insurance company immediately. They will guide you through the claim process.
• Inform John Deere Credit that there is an insurance claim being filed.
• Any payments that become due remain the responsibility of the lessee.

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I have a cheque from my insurance company in payment of damages sustained to my equipment. John Deere Credit is listed as payee with me. How can I use this cheque to pay for repairs?

Send a letter to John Deere Credit requesting that the cheque be endorsed and returned to you. Be sure to include the cheque (do NOT endorse the cheque) and a copy of the work order with your letter. The cheque will be endorsed and returned to you via regular mail.

John Deere Credit
Loan Servicing
1001 Champlain Ave., Suite 401
Burlington, ON L7L 5Z4

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I have a cheque from my insurance company in payment of a total loss to my leased equipment. John Deere Credit is listed as payee. How should I handle this cheque?

• Call John Deere Credit at 1-800-321-3766 to obtain a buyout figure.
• Endorse the cheque.
• Mail the endorsed cheque to:

  John Deere Credit
  Loan Servicing
  1001 Champlain Ave., Suite 401
  Burlington, ON L7L 5Z4

• Please be sure to include your account number.
• We will apply the funds to your account and refund the difference, if any, to you.
• Any remaining balance remains your responsibility.

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