So about 2 days ago, I had crashed a Benz s580 into a trailer truck. I was on the left lane and then the trailer truck had came up on my right into middle lane and closed my space causing me hit the back of the trailer, now the whole passenger side of the car got destroyed. I couldn’t get information on the truck because my car was handicapped and the truck driver kept on driving. This was a private rental, I had got the car off someone from an instagram page. We had a verbal rental agreement.
I talked to the owner today. He said his lawyer will call me soon. But I want to know what will be the potential consequences. I am 20 years old with no insurance(rental car owner had insurance) and little finances.
Update: I found out the car was leased
Will I have to pay?
Will the cars insurance cover the damages?
How long will the process take?
Since it will most likely be totaled if insurance approves the claim will i have to pay? And if i do, how much?
Location: New York, the car had Jersey license plates.