When you lease a car and find yourself in a collision in Las Vegas, it can be a problem. You’re not just worrying about repairs. You must also consider your lease agreement, the leasing company, insurance coverage, and even gap insurance if your leased vehicle is totaled. That’s where THE702FIRM Injury Attorneys help you. Our legal team specializes in car accident lease cases, from filing insurance claims to determining financial and legal responsibilities, working with leasing companies, and seeking fair compensation for physical, emotional, and financial damages.
With THE702FIRM Injury Attorneys on your side, you’re guided through the entire insurance claim process, liaising with your insurance provider, insurance adjuster, and, if needed, the other driver’s insurance. We review your lease contract to ensure your lease terms are upheld while also protecting you from unexpected out-of-pocket expenses in the event of a totaled leased car. Our full-service car accident lawyer supports lease situations in Nevada.
Contact THE702FIRM for Lease Crash Cases in Las Vegas
If you’re wondering what happens if you get into a leased car accident in Las Vegas, trust THE702FIRM Injury Attorneys to guide every aspect of the legal process:
- Fully manage your insurance and personal injury claim process, including gap insurance coverage
- Liaise with your insurance company, the leasing company, and the other driver’s insurance
- Recover medical bills, lost wages, and bodily injury compensation from your or the other party’s insurance
- Protect you from financial and legal responsibilities tied to the crash and lease terms
- Enforce compliance with Nevada’s minimum coverage rules and your specific lease agreement
From the accident scene to the final check, we ensure nothing is overlooked: your police report, repair costs, insurance adjuster negotiations, and your right to compensation. Don’t get stuck handling disputes or hidden fees. Reach out to one of the THE702FIRM Injury Attorneys.
What is a Leased Car?
A leased car is a long-term rental car. Instead of purchasing a new vehicle and taking out a car loan, you sign an agreement with a leasing company to make monthly payments on the vehicle. You will not own the car when your lease agreement expires, although you may have the option to purchase it. By contrast, you will own a financed vehicle once the loan is paid off.
Insurance, Total Loss & Gap Coverage
When a leased car is in a collision, your insurance determines whether it’s repairable or a total loss.
- Collision coverage helps fix damage to your leased car.
- Comprehensive coverage covers non-collision incidents (like theft and vandalism).
- Liability coverage addresses bodily injury or property damage to others.
If damages exceed a certain percentage of the vehicle’s value (commonly 70–75%, depending on the insurer), they may “total” it. That’s where gap insurance becomes vital. A totaled leased car means you still owe lease payments or the remaining lease balance to the leasing company, even after insurance pays. If you have the right gap insurance coverage, it handles the difference between the vehicle’s actual cash value and what you still owe—so you’re not hit with out-of-pocket costs.
Without gap coverage, you’re responsible for any unpaid balance. This increases your financial responsibilities significantly. Our Las Vegas-based attorneys at THE702FIRM guide you through filing the proper claim to seek compensation, verify gap insurance covers your situation, and advocate on your behalf with insurers and the leasing company. We ensure you’re not left paying for a car that’s already gone.
Insurance Requirements for a Leased Vehicle in Nevada
Like all drivers in Nevada, you must carry auto insurance on a leased car. That includes liability coverage to protect third parties who are hurt or sustain property damage in a car accident. The minimum insurance requirements include:
- $25,000 in bodily injury liability per person
- $50,000 for bodily injury per accident
- $20,000 for property damage per accident
In addition, your leasing agreement may require you to carry other types of insurance that are optional for other Nevada drivers, such as collision or comprehensive coverage. Gap coverage is another important form of insurance that can help cover the difference between your leased vehicle’s value and the amount you still owe if it’s totaled in a crash.
It’s essential to meet both the state requirements for insurance coverage and the terms outlined in your leasing agreement. Failure to comply could expose you to significant liability if you are found to be at fault for an accident in your leased vehicle.
Repair vs. Total: What to Expect Next
If the Car is Repairable
- Your insurance company issues an insurance payout for eligible repair costs.
- You coordinate with a mechanic approved by your insurer to get your leased car repaired to its original condition, as required by the lease agreement.
- Continue monthly payments during repair—don’t skip them. Missing payments can violate your lease contract, resulting in fees or default.
If the Car is Totaled
- Your insurer declares the car a total loss and pays the actual cash value (ACV).
- The leasing company receives this payment and offsets your remaining debt.
- Gap coverage fills the difference between the ACV and your lease debt.
Our car accident attorney support ensures your payout is fair. We can dispute undervalued appraisals, verify that repair costs aren’t inflated, and ensure the insurer complies with the lease terms.
Who to Notify After a Leased Car Accident
You are required to notify your auto insurance company and the leasing company if you are involved in a car accident. Check your policies right away because there are often short notification deadlines. If you choose to hire a car accident lawyer, the attorney can take care of the notification process for you.
What About Fault for the Car Accident?
Nevada is a fault state, which means that people who are hurt in accidents can seek compensation from the party(s) responsible for injuries and losses sustained in a wreck. If a driver hits you in a leased vehicle, you can pursue compensation by filing a claim with their insurance company. Similarly, if you had an accident with a leased car, the other party can file a claim or lawsuit against you for damages.
The fault element is the biggest reason why you should consider hiring a car accident lawyer. Nevada law allows you to collect compensation even if you are partly responsible for a wreck. However, the amount you can recover will be limited based on your percentage of fault for the accident. Insurance companies will work hard to push the blame onto you. A knowledgeable Las Vegas car accident attorney can fight back and work toward the settlement you deserve.
Call THE702FIRM Injury Attorneys for a Smooth Recovery After a Leased Car Accident
Getting into a leased car accident in Las Vegas can be stressful. You’re dealing with injuries, insurance claims, and lease responsibilities. All at once. It’s a lot to handle alone.
THE702FIRM Injury Attorneys is here to help. We work with you from filing your injury claim to handling lease and insurance issues. Our team makes sure you stay on track with Nevada laws, protect your finances, and help you with sustained injuries.
Let us take the stress off your shoulders. Call us at (702) 478-2266 or schedule a consultation online and get the support you need to move forward.
