New Vehicle Protection Coverage
I have a question about new vehicle protection coverage and how it works. My car was damaged in the summer hail storm and the auto body shop has declared it a total loss. My insurance company is starting the process with me and thankfully I have 5 year new vehicle protection insurance.
The policy states:
In the event of a total loss, your vehicle will be replaced with a new vehicle with the same specifications and equipment.
The vehicle involved in the hail storm was being leased. Has anyone been in a similar situation when it comes to leasing a car that was deemed total loss? What happens to my lease and any other sort of compensation I would receive.
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