If you crash your leased car, you might be wondering who is responsible for the cost of damages and what it means to file a claim. While the claim process will be the same as any other auto accident, it’s best to have a car accident attorney by your side. Here are some considerations for accidents that involve a leased car.
What Will Happens When I Crash A Leased Car?
Insurance may cover damages and injuries if you’re in an accident with a leased car. However, you may pay off the lease using the insurance money if the vehicle is totaled or roll the balance into a new vehicle lease. You can claim compensation from the responsible driver through a car accident legal claim or through no-fault laws. Speak to a lawyer for leased car accidents to see if you qualify for a claim.
How To Get Compensation After A Leased Car Accident
Involving in a crash with a leased car may result in vehicle damage and personal injury. However, you can pursue compensation through the following avenues.
No-Fault Compensation: No-fault insurance is where you can pursue compensation for medical bills and lost wages at a minimum. Establishing fault is not a requirement.
Third-Party Claim for Injuries: You can file a claim against the party or parties who caused the accident. You can claim compensation for financial losses plus pain and suffering.
Vehicle Damage: If you have property damage liability, this coverage can cover your vehicle repairs. This can pay for damages if the other driver is at fault.
Compensation Through Gap Coverage: Gap insurance covers the difference between the amounts you owe on the lease and the vehicle’s value at the time of the accident.