Car accidents are quite common in Las Vegas. But, things get complicated when the car is on a lease, and it suffers a total loss.
You might be confused about what to do after crashing your leased car. Once you realize that your car needs a major overhaul, you should contact an attorney to get legal advice.
There are law firms in Las Vegas like Naqvi Accident Injury Law that specialize in car accident cases.
Read to know more about handling a car crash.
What are the laws on car accident compensation in Las Vegas?
According to state laws, the at-fault party has to pay compensation to the victim. The compensation payable will be proportional to the driver’s fault.
For instance, in the case of rear-end car accidents, the presumption is that the rear car driver is at 100% fault. All car drivers have to take minimum insurance coverage in Nevada, including those with leased cars.
If you are at fault in the accident, your insurance amount will go to the victim as settlement. But, if the compensation is higher than what your insurance will cover, you have to pay the remaining.
Similarly, the insurance will not cover the repair cost of your car and medical bills if you are the negligent driver in the accident. If it was a leased car, you have to pay the amount in the lease agreement as well.
What do you mean by totaling the car?
If the insurance company writes off your damaged car as a total loss, it means that the repair cost will be more than 65% of the car’s value.
When your leased car is totaled, you can pay the gap coverage to save yourself from the mess. But, you only have to pay if you are the at-fault driver.
What if you are the victim of a car accident?
So, you got your leased car totaled by a negligent driver. Then you do not have anything to worry about.
Contact your insurer, lessor, and attorney after immediate medical attention, if any. Take the car to a body shop and get an estimate of the damage.
If you are sure that the accident is due to the other driver’s fault, an excellent attorney will win you up to 100% compensation.
Final takeaways
Totaling a leased car is a nightmare come true! But with an experienced attorney, you can handle it graciously. So, without wasting time, get in touch with a lawyer.
