you should get a cheap layer.
Usually, the lease car is required to be insured ... and the lease is most likely dependent on continued auto insurance being in force. If the car was destroyed (totalled) and there is no insurance to cover the loss, the car is then gone, but NOT the lease payments ... You will still be required to pay the lease as agreed upon ... would have been far cheaper to have had insurance.
You are going to have to pay all cost out of pocket. Also you may be given a severe ticket for driving without insurance.
If others who are co-signed on the car are in an accident, and cannot afford to pay and charges or fees as a result of that accident, then yes, as a co-signer the primary lease holder will be liable for those oustanding payments.
Certainly. The lessee has the same liabilities as a registered owner.
No, Homeowners insurance is for the house. it does not cover cars or car accident claims.
Car insurance and possibly health insurance if the car insurance does no cover the entire bill.
If a leased vehicle is in an accident, the lessor has to notify the lease company, along with their insurance company. Sometime the lease company will have you go through your insurance for repairs, other times they send you to their repair shop (if they have one).
Yes, the owners of the vehicle (and driver of course) are the ones sued, it has nothing to do with who is the named insured on the insurance policy.
Auto Insurance follows the car not the driver. My son's girlfriend was driving his car when they where in an accident and his insurance was responsible.
If you have insurance yourself you are insured to drive someones car. If you have an accident your insurance will cover it.
the insurance of the person responsible for the accident
Personal Accident Insurance to cover the people in the car in case of accident.