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While this depends upon your leasing agreement, most are fairly standard. As you were probably required to provide insurance in order to lease, contact your insurance company first. Then inform the leasing agent as they may also have insurance to cover their portion of the loss as well. Both of them will need your insurance information, the details of the crime and a copy of the police report. Depending upon the type of insurance you have, you may be allowed a rental car dividend, but make sure you read the fine print concerning disbursements, monetary and time limits for it or you may be paying out of pocket. Check with your lease agreement to see if there is any provision in there for theft, again looking for details about time and money limits. One other consideration is the amount of time left on your lease. If you have any concerns about the information you are getting from the leasing agent, contact a lawyer.
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What happens if a leased vehicle is in an accident?
If a leased vehicle is in an accident, the lessor has to notify the lease company, along with their insurance company. Sometime the lease company will have you go through your insurance for repairs, other times they send you to their repair shop (if they have one).
Can a leased vehicle be reported as stolen for nonpayment?
Yes. If the person who is on the lease actively attempts to leave the state or region of the country AND it is proven they attempted to HIDE the vehicle, then some states allow the owner of the asset to declare it as stolen and it may be on the BOLO list for police in your new local area.
What happens to your title loan if your vehicle is stolen and wrecked?
Since you have a loan you should be required by the lender to have full coverage insurance which will pay you the value of the vehicle. With out insurance you are still responsible for repaying the loan no matter what happens to your vehicle. It is not the lenders fault your car was stolen and wrecked...
is this vehicle stolen?
is this vehicle stolen?
Can you return a leased vehicle after one day?
why not.
Can a teen drive a leased vehicle?
No They Cannot.
Who pays for your stolen vehicle?
If you have comprehensive coverage on your vehicle, that is the coverage that will pay for your stolen vehicle.
Who is responsible for damage to a vehicle during a repossession?
the person the vehicle was leased to is responsible as they are the ones that have caused the vehicle to need to be repossessed.
How do you find where your old leased vehicle is?
Purchase a Car Fax report.
If your auto is hit by a stolen vehicle who will pay for losses like deductibles and other expenses?
You or your insurance company. The owner of the stolen vehicle would not be responsible because their vehicle was stolen and the driver of the stolen vehicle's insurance would not cover it because he was driving a vehicle that was not on his policy and he did not have permission to drive.
What are some benefits of stolen vehicle tracking?
Major benefit of stolen vehicle tracking is being able to identify and locate any stolen vehicle using GPS tracking. Also cars with stolen vehicle tracking can be subject to reduced insurance premiums.
Repossession of a leased car in ct?
YES LEASED VEHICLE SCAN BE REPO'D, YOU NEED TO READ YOU LEASE AGREEMENT AND CHACK LOCAL AND STATE LAWS.
