If your rented auto is amounted to and you have void insurance policy, the insurance policy firm will certainly pay the distinction in between what you owe on the lease and what the auto is worth. If you have a lease or funding with a reduced equilibrium, space insurance coverage may not be necessary.It’s essential to assess your lease contract and insurance coverage plan to figure out if you have void insurance coverage or if you require to include it as an optional coverage.What Happens After a Total Loss? If your rented auto is amounted to and you have space insurance coverage, the insurance coverage business will certainly pay the distinction in between what you owe on the lease and what the cars and truck is worth.

If your rented cars and truck is amounted to and you have void insurance policy, the insurance policy business will certainly pay the distinction in between what you owe on the lease and what the vehicle is worth. If you have a lease or lending with a reduced equilibrium, space insurance policy may not be necessary.It’s vital to evaluate your lease contract and insurance coverage plan to establish if you have space insurance policy or if you require to include it as an optional coverage.What Happens After a Total Loss? If your rented vehicle is amounted to and you have space insurance coverage, the insurance policy firm will certainly pay the distinction in between what you owe on the lease and what the vehicle is worth. You will certainly require to call your insurance policy firm and submit a case, offering them with the essential details and documentation.After the insurance policy firm has actually established the worth of the quantity and the auto owed on the lease, they will certainly pay the distinction to the renting business.