Answer
If a person dies its the responsibility of those left behind to pay for the car unless the person who died took a loan at a bank, they usually have an Insurance for such things as death. However no one is obliged to take this Insurance. Debts of a deceased person become the responsibility of the person's estate and must be paid in full before any inheritance can be distributed. If a car on which there is an outstanding loan is left to someone in the deceased's will, then the beneficiary inherits the debt as well as the car.
Whoever's name is signed on the loan paperwork is the one liable.
You are not personally liable for the debt. The estate is liable for the debt. If the law suit results in payment, it would have to be used to settle the debts.
if there is insurance it should pay for the loss
The driver who hit the pedestrian is liable, not their insurance company. The drivers insurance company will normally be responsible for payment of valid claims up to the policy limits for which the their insured driver is found liable.
Yes the person crashed the car is directly liable, but if you gave him the car and he was drunk or etc. you are also liable
If her name is on the title, most certainly. If not, the car is part of the estate and it will have to be resolved before she can inherit it.
Is car insurance still valid on a persons car if the insured person has died
If The Car Is In Your Name , You Are Liable !! Unless You Have Legal Proof You Sold It.
because jesus died for me and you.
You may bare some ramifications (rate increases etc), but if I am understanding this correctly you do not own the vehicle at all. The owner will be liable however the policy that you are listed/co own will be responsible for payment and could effect your rates, in the future as well.
No, a co signor would not be liable. A co-buyer would be liable.
The finance company will sell the wrecked car and you will be liable for the balance on yourloan less whatever the car sells for which in your case will be almost the total of your outstanding loan.Then they will come after you for the money.