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Absolutely. Until your child hits 18 you are held liable for he or she in every legal aspect imaginable. Not only are your responsible for the car she is driving, your also held liable for the person she might potentially hit, or by law also known as 3rd or 4th parties. My recommendation i to at least carry a 1 million dollar umbrella on top of your homeowners and car insurance. If not 2 or 3 million. Overall enough protection to back your savings, stocks, financial mechanism's you might have, your paid off house, your assets or what ever other stuff you may have or own. Because if don't carry enough insurance, people will go after your assets.

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Q: If your 17 year old child drives a friends car and wrecks it can the parents be held liable for the damage?
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Can the parents of a 20 year old be sued if son was in accident with his own car that he owns in Illinois?

The parents are not liable for the damage. Parents can only be liable for the actions of a child who is under the age of 18.


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