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Does the lease holder on a car lease have any liability if the car is in an accident?
Wiki User
∙ 13y ago
Certainly. The lessee has the same liabilities as a registered owner.
Wiki User
∙ 13y ago
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Does the primary lease holder on a car lease have any liability if the car is in an accident if the car is registered and insured by the co-signers of the lease who is not the primary?
If others who are co-signed on the car are in an accident, and cannot afford to pay and charges or fees as a result of that accident, then yes, as a co-signer the primary lease holder will be liable for those oustanding payments.
Which of these sentences describes liability automobile insurance coverage?
Auto liability insurance is a type of car insurance that covers the policyholder in the event that they cause an accident and are found to be at fault. It provides financial protection for the policyholder in the event that they are sued by the other driver(s) involved in the accident. Liability coverage typically includes two types of coverage: bodily injury liability and property damage liability. Bodily injury liability covers the medical expenses of the other driver(s) and any passengers in their vehicle. In contrast, property damage liability covers the cost of repairing or replacing any property that was damaged in the accident, such as another vehicle or a fence.
Is the lessor the lienholder?
The lessor is considered to be the lien holder because he is the one who has the claim to any rental benefits. He is supposed to collect rental income from the lease.
What happens if you hit an an uninsured motorists and you only have liability?
If the accident is your fault, your liability coverage will pay for the other person's damages. You will be out of luck as no coverage will be afforded for the damages to your vehicle or any injuries to you or your passengers.
If a husband dies on section 8 can wife get section 8?
Yes! As long as she is on the lease. This is known as a voucher inheritence. Any family member who lived in the house -- and was on the lease-- when the voucher holder dies can have the voucher transferred to that family member.
What happens if you were in an accident and at fault but the other driver had no license?
The license status of the other driver has no bearing on your liability. If you were at fault you are still responsible for any damages and injuries. Just report it to your insurance company as you would any other accident.
Can you return auto if titled owner dies?
There are a number of ways of resolving it. Any loan against the car has to be resolved. If it was a lease, it could be returned to the title holder.
Does car insurance in Virginia pay for power pole in accident?
Provided your premiums have been paid and your policy was in effect at the time of the accident, an automobile's liability coverage will pay for any property damage you do in an accident, even if you run your car into a store front or knock over a power pole. The policy will pay up to the limit of the liability portion of the policy.
If my 18 year old daughter has an accident and the car and insurance are in her name do you as her parent have any liability?
No you are not liable as your daughter is the owner and named insured
Does the owner of a vehicle have any liability if the co-buyer has an accident while driving it?
You might. Many states have vicarious liability laws. Vicarious liability in this situation means that as the vehicle owner, you may be responsible for how the vehicle is used. You should consult an attorney licensed for your jurisdiction.
How do you stop being a co-signer on an apartment?
Generally, a co-signer is responsible until the lease has expired unless the landlord agrees in writing to release the co-signer from all liability. Generally, a co-signer is not only responsible for paying the rent for the duration of the lease if the primary doesn't pay but also for any damages not covered by a security deposit.Generally, a co-signer is responsible until the lease has expired unless the landlord agrees in writing to release the co-signer from all liability. Generally, a co-signer is not only responsible for paying the rent for the duration of the lease if the primary doesn't pay but also for any damages not covered by a security deposit.Generally, a co-signer is responsible until the lease has expired unless the landlord agrees in writing to release the co-signer from all liability. Generally, a co-signer is not only responsible for paying the rent for the duration of the lease if the primary doesn't pay but also for any damages not covered by a security deposit.Generally, a co-signer is responsible until the lease has expired unless the landlord agrees in writing to release the co-signer from all liability. Generally, a co-signer is not only responsible for paying the rent for the duration of the lease if the primary doesn't pay but also for any damages not covered by a security deposit.
What is the minimum liability required for car insurance in California?
California's Compulsory Financial Responsibility Law requires every driver and owner of a motor vehicle to be financially responsible for their actions. The statutory minimum limits of liability auto insurance in California are 15/30/5 which breaks down as follows: Bodily Injury for $15,000 for death or injury of any one person, any one accident and $30,000 for all persons in any one accident. Property Damage of $5,000 for any one accident. When your car is in an accident for which you are found legally liable, bodily injury (BI) liability covers your liability to others for injuries to them. Property damage (PD) liability covers your liability for damage to someone else's property. All California drivers and owners must have at least the statutory limits of minimum liability insurance or an approved alternative way to pay for injury or property damage they may cause. Penalties are very severe for non-compliance with this section of the vehicle code. for more knowledge, you can contact to a good insurance company like Raisinsurance.
