APPARATUS AND METHOD FOR PROVIDING INSURANCE PRODUCTS, SERVICES AND/OR COVERAGE FOR LEASED ENTITIES

An apparatus and method for processing lease insurance information, including a memory device for storing information for generating at least one of an insurance premium and an insurance policy for providing insurance for at least one of excess wear and tear for a leased entity and post warranty repairs for a leased entity, a processor for generating information concerning at least one of an insurance premium and an insurance policy for providing an insurance policy or an insurance product, and a device for displaying or outputting information concerning the insurance premium, the insurance policy, or the insurance product. The processor generates a fifth data set containing information regarding at least one of a liability, a potential liability, and a risk of loss, associated with the insurance policy or the insurance product.