In most cases these days, when people think they are a Co-Signer, they are in fact a Co-Buyer. If you are a co-buyer then by default you are a co-owner. In the event of an accident both the driver and the owner(s) can be sued for incurred losses.
To determine this just look at the vehicle Title or Registration, If your name is there, you are in fact a co-buyer and co-owner.
Unfortunately, there are many car lots and salesmen out there these days who do not clarify this to the buyer(s) and allow you to think you are only co-signing when you are not. There is a Huge difference in the two terms where your legal liability is concerned
If you are truly a Co-signer, you would not need to be on the policy.
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