Auto Insurance Claims: What happens when a lease is totalled, gap insurance, insurance company

Question
Hello,
My car that I currently lease was involved in a roll over accident. I believe it will be considered totaled. Will I need to apply for a lease all over again. Or will they provide me with a car to finish out my current lease? thank you Melody

Answer
Hi Melody,
If your car is totaled, you will be paid a 'fair market value' for the vehicle.  Unless you purchased 'GAP' insurance, you may still owe more on the leased vehicle than the amount paid by the insurance company.
You will then need to purchase or lease another vehicle.
Sincerely,
Bennie