0
Lenders require a financed vehicle to have full coverage. However, many times it slips through the cracks and a person who has poor credit (who needed a co-signer) will allow the insurance to lapse. A co-signer should always make certain the car is insured against loss. If the car is involved in an accident and is not insured the co-signer is fully responsible for paying the loan.
This is a common problem with cars, people with poor credit and co-signers who fail to get informed regarding their responsibility and liability before signing. It is rare that the primary borrower will pay off the loan for a wrecked car.
Still curious? Ask our experts.
Chat with our AI personalities
TaigaEvery great hero faces trials, and you—yes, YOU—are no exception!
Chat with Taiga
CoachSuccess isn't just about winning—it's about vision, patience, and playing the long game.
Chat with Coach
MaxineI respect you enough to keep it real.
Chat with MaxineAdd your answer:
Earn +20 ptsQ: What if your cosigner of car and car is totaled?
Write your answer...
Submit
Still have questions?
Trending Questions
What would cause a car that is cold and idiling to have a strong exhaust smell and no steam but when put in gear and the smell goes away but the exhaust has steam coming out?
How many license plates does your car need in Michigan?
How do you check if a diode is serviceable?
Do you need car insurance for a sixteen year old with a permit in the state of Florida?
Rear tire pressure when towing rav 4?
Vin Diesel's character Dominic Toretto drives what two kinds of cars?
What does Corren mean in Spanish?
How do you change the ignition switch in a 1988 gmc truck?
Where can tutorials on how to draw cartoon trucks be viewed?
What is a cleaving brake in woodland management?
What is the correct pronoun antecedent agreement in the sentence When a driver wants to buy a new vehicle he or she usually test drives it?
Average cost of gravel base road?
Who is at fault if the driver in front of you makes an illegal U turn and you hit them?
Chances are if you are involved in a crash it will happen when?
Will your insurance go up if your car has been stolen?
Where is brake light switch on 1999 sterling a9513 truck?
Where can one find how to buy a car with bad credit for a low interest rate?
What are the signs for a bad mass air flow sensor for a 1999 VW Golf ABA engine?
Can you tow a car without the key?
What side of the freeway is reserved for emergency vehicles and those who are passing?
Copyright ©2025 Infospace Holdings LLC, A System1 Company. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Answers.