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It is possible to be found liable. As a cosigner you would want to make sure that you are listed as an additional insured and make sure that the policy limits are high enough to cover your assets. Essentially I would make sure that they are equal to what is on your current policy.
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If you are sued in an auto accident can you lose?
Yes, it is possible.
If you have a living trust and a umbrella insurance policy can the trust be sued.?
If you have a living trusts and an umbrella insurance policy can the trust be sued in an auto accident.
If a pedestrian is found at fault for an accident involving a car can they be sued for an auto insurance deductible?
Yes, The at fault party is responsible.
If you have your own car insurance policy can your parents be sued if you live in their home and you are involved in auto accident?
If you are under 18, yes.
If you cosign for a car loan can you be sued successfully?
Yes. If the signer defaults on the loan, then you, as the cosigner, would be liable.
Your daughter caused an auto accident while on your policy She no longer is on it and is being sued from the woman she ran into Does your insurance policy still have to pay?
They should as long as she was covered at the time the accident took place, it was reported, and an accident claim was filed.
Will bankrupsy protect you from being sued if you were the cause of an auto accident with a parked car which no one was in you had no insurance?
No, you will still be responsible for any damage you did to the parked car.
How does cosigning for an auto loan affect your ability to get your own auto loan?
Never cosign a loan. While I agree that one should NOT cosign. cosigning can hurt or help. Remember that if they do not pay you have to. Cosigning will affect your credit and count towards your debt to income ratio and show as an open joint auto loan. You might be turned down to get your own auto loan without a cosigner if you cosign.
When does auto insurance cover the cost of a lawsuit?
If you are sued in relation to an auto accident, the insurance company will pay for your defense as well as the damages up to the limit of your coverage. The defense costs are in addition to your damage limit.
If your 16 year old son has an auto accident and the vehicle is in his name and the insurance is in his name can you be sued?
Yes, he is still a minor and as such you may be held liable for his actions.
Can you be seventeen and have a cosigner cosign for an auto loan?
i was able to get an auto loan with the help of a cosigner and im under 18
Who gets sued if you are involved in an accident and the other person is at fault?
other person get sued
