What Happens if I Crash a Leased Vehicle

Author:
Thomas Ericsson

You might be entitled to financial compensation for your injuries when you crash a leased vehicle.

Going through complex insurance negotiations and litigation processes can be overwhelming, especially when you are still recuperating from your injuries. Your Las Vegas car accident attorney at O&E Injury Lawyers pursues the compensation you need to get back to your life.

Who Pays for Damages?

Nevada is a fault state for car accidents and insurance purposes. When you drive a leased vehicle and are involved in a car accident, you will need to file a claim with the liable party’s insurance company.

Your claim should include proof of the other party’s liability and a list of your economic and emotional losses.

What if I’m Partially At-fault?

If you believe you share fault for crashing your leased vehicle, you may still be entitled to compensation. Nevada follows a modified comparative negligence system. You can still recover compensation if you aren’t more than fifty percent at fault for the accident.

What We Know about Insurance Companies

Don’t expect the insurance company to willingly or fairly settle your claim. It is in your best interests to have your attorney handle your claim. The insurer loses money when they pay a claim. They will do everything they can to minimize their loss, such as:

Financial Impact of a Leased Vehicle Crash

When you lease a vehicle, you have a long-term agreement with a leasing company. You will be expected to make the payments as required under your lease and cover the costs of any necessary repairs.

The liable party’s insurer should cover the damages. If that’s you, you will need to file a claim with your own insurance company. If your crash involved a hit and run driver, your uninsured motorist coverage would pay for your repairs.

What if Your Leased Car is Totaled?

If the insurance company determines that repairs cost more than your car is worth, they may declare it totaled. However, your obligation to the leasing company isn’t over just because your car is wrecked. Your gap insurance may cover the remaining amount on your lease.

If you don’t have gap insurance, an attorney might be able to negotiate the remaining balance on your car into your settlement.

Medical Bills and Lost Pay

Most insurance policies pay for your medical care after a crash that was not your fault. Some insurance covers your lost pay for the work you missed due to injury.

Car Crash and Your Credit Rating

As part of your claim, a car accident lawyer considers how the accident affects your credit, driving history, and auto insurance premiums. You should not suffer future financial losses because of a careless driver.

Your lawyer will need to consider how your injuries might impact your life in the future to ensure fair compensation for your damages.

Non-Economic Damages

In addition to the financial losses you’ve endured, you could also recover compensation for your non-economic damages. These don’t have a set monetary value but are incredibly valuable. Some common non-economic damages you could recover include:

Common Causes of Las Vegas Car Crashes

Some of the more common causes of car accidents in Las Vegas include:

Injured in a Lease Car Crash? We Can Help

Were you seriously injured in a car accident with a leased vehicle? Call an experienced Las Vegas car accident lawyer at O&E Injury Lawyers for help.

We help you recover compensation and justice from the liable party. Contact our office by phone at 702-878-2889 or complete our quick contact form to schedule your free, no-obligation consultation today.

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