Car Lease Depot: Auto Lease Assumptions, Transfers & More

Car Lease Insurance

If you are in a lease agreement and your car was in an accident you need to know if you are covered. An insurance company may not pay what still owes on the car after an accident. This is usually due to the fact that your vehicle can sometimes depreciate by an amount that is more than what you have paid on the lease. See if your lease has something called gap insurance to cover this difference so you are safe and fully covered.