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What else can I help you with?
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).
Do you pay insurance on a leased car?
yes
What if you total a car that is leased?
That's what insurance is for.
Do you have to pay for insurance for a leased car?
Yes
Do you pay insurance for a leased car?
Yes
Can you get insurance on a leased car for a 17 year old?
Yes.
What are the rights of co-leasees on a car?
They have the right to the use and possession of the leased care and they have the full responsibility to pay the cost of the lease, the insurance and overages.They have the right to the use and possession of the leased care and they have the full responsibility to pay the cost of the lease, the insurance and overages.They have the right to the use and possession of the leased care and they have the full responsibility to pay the cost of the lease, the insurance and overages.They have the right to the use and possession of the leased care and they have the full responsibility to pay the cost of the lease, the insurance and overages.
Is a leased car considered a car with a loan?
For the purposes of insurance, Yes.
You had a fatal loss accident and your insurance estimate came out to be significant less than the residue value for your leased vehicle What is your recourse How do you negotiate with my insurance co?
You might well be on the hook for the balance. When you leased your vehicle you should have taken out "gap" insurance which would have covered this "gap" in coverage you have just described. Many times whoever leases (or sells) the vehicle will offer this coverage during the sales closing process. Double check your lease documents to determine if you're covered or not.
What happens when a leased vehicle is destroyed in an accident and there is no insurance?
Usually, the lease car is required to be insured ... and the lease is most likely dependent on continued auto insurance being in force. If the car was destroyed (totalled) and there is no insurance to cover the loss, the car is then gone, but NOT the lease payments ... You will still be required to pay the lease as agreed upon ... would have been far cheaper to have had insurance.
What is full coverage Auto insurance?
Full coverage auto insurance is a policy which covers first party and third party injury to the body or damage to car. It covers physical damages to the car if it has been leased at the time of accident, death or physical injury to the body of people involved in the accident, also property damages caused by the insured person's car to someone's property,
If a co owns a veh and is self insured and then hires a driver for that vehicle from another co and the driver has an accident on the vehicle owners property which co would be responsible for damage?
A company owns a truck that is used to move semi-trailers and this company is self insured has leased a driver from another company and the driver has an accident on the truck owners property that involves only the truck who would be responsible for the damages. The company who owns the truck and their insurance or the company who leased the driver ?
