I'm also glad to hear the OP, and the other member who totaled his 2013, were able to walk away from their crashes.
If this is a NMAC lease, there should already be built-in gap insurance coverage, as long as you were current on your lease payments, and that you had collision coverage in accordance with NMAC's stipulations.
In other words, the only thing you should owe is your collision deductible, if any, and that's only if you were at fault or the other party's insurance has not yet paid out the claim to your insurance company.
N1ghtrider said:I never got the dollar amount of the repair estimate, but USAA says the market value of my car was $20,780 and that it is totaled. I assume that I am going to owe something more for the early termination of the lease. I hope I save enough on the lower payments for a 2013 to make up for that.
If this is a NMAC lease, there should already be built-in gap insurance coverage, as long as you were current on your lease payments, and that you had collision coverage in accordance with NMAC's stipulations.
In other words, the only thing you should owe is your collision deductible, if any, and that's only if you were at fault or the other party's insurance has not yet paid out the claim to your insurance company.