It would seem unlikely everywhere except the United States. In the US, the law allows for others related to an event only tangentially to be pulled into a suit.
Outside of the USA, a driving accident is the responsibility of the drivers involved. If there was a malfunction in the car, it is possible to call the manufacturer or the mechanic but in practice this rarely happens.
Inside the USA, as noted above, practice is different. If it can be shown that the person co-signing the loan application was aware that the car being purchased was faulty, or the person intending to drive the car was likely to have an accident, then they could easily be included in a suit.
However, the likelihood of this happening, even in the American system, is low.
No, the cosigner has no legal liability in such a case, unless, of course, he or she was the driver of the vehicle at the time of the accident.
The driver's insurance would then be considered "secondary," meaning if the owner of the auto didn't have insurance, then if the person driving the car had insurance, they would be liable.
the person that owns the car
When he causes the accident
yes. Always responsible.
I'm not sure about Texas but in Indiana the owner of the horse is liable for all damages in the accident. In Indiana we have alot of horse accidents and depending on if it was just a horse running wild that got away from someones farm or if it was a horse and buggy accident. It doesn't matter always the owners responsibilty.
Well this depends on a lot of factors. For one if he is under 18 yes, you are liable. He is a minor. 18 or older no, hes an adult. Now, if he is 18 or older and you are on the title, then yes you can be liable. Technically they can go after anyone on the title, even if you weren't driving. Mark Owner of Denvers Insurance
I was recently involved in a car accident in which the driver of the other car is legally at fault. Is the other party's insurance still liable for damages involved if the at fault driver is: 1. not the owner of the car, 2. not the insurer of the car, 3. does not have a license. Thanks!
Yes, they are through their homeowners policy.
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.
Yes, The owner of a vehicle is just as liable for an accident as the driver. Both the driver and the Vehicle owner are both jointly and severally liable for the cost of an at fault accident.Since you say the title is in the parents name, Then the Parents are in fact the legal owner of the vehicle as far as the state is concerned.The at fault driver is liable because they caused the accident, The Registered Owner is liable because the owner has a responsibility to ensure that all permissive use drivers have the appropriate insurance coverage before allowing them to operate the vehicle.Yes, If your daughter is still a minor, the legal guardian (usually the parents) can be sued under parental liability statutes even if the vehicle is not owned by the parents.
No, you can only be liable for the loan. If the car was totaled and did not have insurance then you can be held responsible for the balance on the loan. Any accident or damages that occurred would be the responsibility of the driver/owner of the vehicle. All your signature did was say that you will pay the loan if the borrower fails to do so.
No, they will give you the current book value of the car at the time of the crash.
Then you may be liable for any damage that you caused to someones property or person.
If you have an auto accident and you are found to be at fault, then if taken to court you can be liable for all damages. You could potentially lose everything that you have.
i was able to get an auto loan with the help of a cosigner and im under 18
An auto cosigner, in the state of Indiana, has to meet all of the requirements of the contract. In most cases the cosigner has the same obligations as the primary signer.
Yes, If there is no other insurance company or policy liable. For example if there is another policy liable, Medicare will share in the cost after the auto policy has paid its responsibility. We have seen cases where Medicare has paid claims and ultimately requested reimbursement from the individual because they later found another auto policy that covered the accident.
As long as the driver has auto insurance on the vehicle there should be no problem, DUI or not. If there is no insurance on the vehicle you have a problem. In that case not only will you be liable for the damage to the vehicle you cosigned but you also may have liability for the injuries and damages for anyone they hit. You should be very careful about cosigning a loan with anyone. They will get payment from the one who is easiest to get payment from and that is you most likely.
You are liable for everything. Fixing the car, paying for the car (the balance of the contract) and repo fees.
in some places yes
Either the cars owner or the insurance company who paid for the totaled vehicle
Depending on the state. In Georgia you are liable for state tax on money earned from an auto accident injury claim. Some states do not have state tax's or tax codes that would apply. Federal taxes are due in all states.