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Do you need to be on the insurance for a car you cosigned for if the other cosigner has full coverage?
Wiki User
∙ 16y ago
If the vehicle is insured and you do not ever drive it you wouldn't be required to be listed on the policy as a driver. Most companys though may want all 'owners' listed, for numerous reasons.
Wiki User
∙ 16y ago
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Is the cosigner responsible for other debts beside the item such as house rental he has cosigned for?
A cosigner is only responsible for the items that he has cosigned for.
How do you get your name off of an auto loan that you cosigned on if other party cannot get another loan and has nobody willing to take over as cosigner?
A cosigner cannot be removed from the debt obligation except by a refinancing of the loan without the original cosigner's participation.
Can a cosigner of an apartment sue the people he cosigned for after they were evicted and left him to pay unpaid rent and other fees?
Yes, a cosigner of an apartment can potentially sue the individuals they cosigned for if they were evicted and left with unpaid rent and fees. However, the success of the lawsuit would depend on the terms of the cosigner agreement, state laws, and individual circumstances. It is recommended to consult with a lawyer to understand the specific legal options and remedies available.
If you cosigned a leased car for your daughter and the car and insurance are in her name are you responsible as cosigner for any liability over the covered insurance amount in the event of an accident?
No. Y-THINK-Y * Ordinarily a cosigner would not be liable for anything other than the lending agreement. However, responsibilities incurred by all parties when a vehicle is under lease can be quite different than the purchasing a vehicle. It would be prudent for the cosigner to read the leasing contract very carefully and perhaps seek legal advice if they are unsure of the terms of the contract.
What provides coverage if the other driver does not have car insurance?
Uninsured Motorist coverage
What is uninsured vehicle coverage?
Uninsured motorist coverage provides insurance coverage when you are hit by a person who has no insurance coverage. You uninsured motorist coverage will take the place of the insurance that the other person did not have and will cover your damages just like theirs should have if they had it. The only difference is that you will have a small deductible for property damage coverage.
What type of insurance policies does Mega have different from other insurance companies?
MEGA is a unique life and health insurance company. They offer many different types of insurance including ambulance coverage, inpatient and outpatient coverage, and preventative care coverage.
Do all car insurance companies offer vintage car insurance?
Progressive does offer car insurance coverage for classic automobiles. Other companies may or may not offer the coverage depending on their available policies and coverage.
Can business interruption insurance be purchased by itself?
"Business interruption insurance can be purchased by itself, but for optimal coverage, it is usually used to supplement Property insurance or other types of coverage."
What is the insurance liability for the cosigner of an auto loan?
None. A cosigner is entering into a legally binding contract to repay the debt if the primary borrower defaults on the lending agreement. The cosigner does not have any other obligation nor ownership rights to the property.
What is the difference in broad coverage homeowners insurance and other types of home insurance?
Home insurance, also commonly called hazard insurance or homeowners insurance (often ... or loss of other personal possessions of the homeowner, ... 1.1 History; 1.2 Types of policies; 1.3 Coverage rates; 1.4 Classes of coverage ... HO2 – Broad Homeowner Policy: A more advanced form that provides coverage on a home
Does American Family Insurance offer coverage for motorcycles?
Yes, according to their website they do offer motorcycle insurance along with many other forms of coverage.
