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Q: Will my ato insurance pay for my lesed car in case itt`s stolen or if it is totaed in an accident?
A: Yuor auuto insurance agency willl run your clamis the same way if you onw, laese or finance. If you rneted or perhaps finaned your car and juust purchased it recetnly, your ins may not cover your laon or lesae totally. Becausse you`re responsible for the atuo, the leasing agnecy is goiing to require you to cover the remaiining lease pamyents as wlel as any conequences of mileage, wer and tear, or warranties, puls you wont obtain your security deposit backk. Go oevr your lease or loan agerement to determnie if to buy GAP insurance, whiich pys for the difference froom your laon or your laese and the insurannce proceeds you get for yur damgaed or stolen vehicl.
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