If you’re not ready to buy a vehicle outright, leasing allows many drivers the ability to take a car home and pay for it in increments. However, what happens when you get into a crash in a car you don’t yet own? Prepare yourself for this possibility by reviewing the following list of frequently asked questions before meeting with an accident attorney.

3 FAQ About Car Accidents & Leased Vehicles

What does car insurance cover?

Luckily, car insurance policies are the same for both car owners and lessees. The liability aspect of your policy will take care of your medical costs, lost income, and pain and suffering, as well as the damages of other involved parties. In some cases, you may need to obtain additional coverage for the auto damage, or “comprehensive” coverage. 

What about the owner’s liability?

Usually, if a negligent driver who is not the car owner causes injuries or property damage, and the car’s owner consented to the driver operating the vehicle, the owner could be held liable. However, if you lease the vehicle, the car dealership, finance company, or bank is technically the owner of your vehicle. Under the Graves Amendment, there is little chance they will be held liable for the damages of an accident you caused.

If another driver is responsible for the accident, the burden of paying for damages falls to them. An accident attorney can help you to seek the proper compensation by helping substantiate and document your claim.

What should I do after the accident?

As soon as you get into an accident, contact the authorities, your insurance company, and a medical professional. If you were driving a leased vehicle, it’s also crucial to notify the dealer or leasing company. They may have specific rules about how the vehicle should be repaired, which may include avoiding aftermarket replacement parts. If you don’t follow these guidelines, you may be required to pay a penalty.

If you’ve been in a crash in a leased vehicle, get in touch with an accident attorney at Kidwell & Gallagher LTD. This Elko-based firm has been serving clients throughout Nevada for over 20 years. As a recipient of the “Top One Percent” award from the National Association of Distinguished Counsel, you can trust them to provide knowledgable advice. To learn more about their personal injury experience, visit the website. Call (775) 738-1000 to schedule an appointment with an accident attorney.