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Only if the co-signer insists on that arrangement. However, the cosigner should be fully informed of their vulnerability when they take on such a responsibility. They will be fully responsible for paying off the loan if the primary borrower defaults, fully responsible for making certain the car is fully insured and they will be legally vulnerable should there be an accident resulting in damages.Only if the co-signer insists on that arrangement. However, the cosigner should be fully informed of their vulnerability when they take on such a responsibility. They will be fully responsible for paying off the loan if the primary borrower defaults, fully responsible for making certain the car is fully insured and they will be legally vulnerable should there be an accident resulting in damages.Only if the co-signer insists on that arrangement. However, the cosigner should be fully informed of their vulnerability when they take on such a responsibility. They will be fully responsible for paying off the loan if the primary borrower defaults, fully responsible for making certain the car is fully insured and they will be legally vulnerable should there be an accident resulting in damages.Only if the co-signer insists on that arrangement. However, the cosigner should be fully informed of their vulnerability when they take on such a responsibility. They will be fully responsible for paying off the loan if the primary borrower defaults, fully responsible for making certain the car is fully insured and they will be legally vulnerable should there be an accident resulting in damages.
A non insured driver may be held liable for the accident. Insurance is a requirement in the majority of states.
Yes
Whether the car is insured is not important, the point is who was at fault in causing the accident, it could be the person whose car is insured that is at fault.
If you have insurance yourself you are insured to drive someones car. If you have an accident your insurance will cover it.
Your responsibilities are no different than when you "Are Insured" You are liable for "All damages", Property Damage and Personal Injury, to the extent you were the cause of that damage.
This is not good. The law specifically says, that, it is your responsibility to make sure that the vehicle you are about to drive is properly insured. Sorry to say, but there is no way out of it.
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.
No, the police never notify insurance companies of accidents or tickets. It is the responsibility of the insured party to notify their insurance company.
the person that is found responsible ( at fault ) for the accident
No.
Ultimately, the driver is responsible for everything that that is caused by or contributed to while the driver is in the vehicle. Lights don't work? Drivers fault. Not insured? Drivers fault.AnswerIf you drive a car that is not insured you can be ticketed for that. If you were not at fault in the accident then hopefully the other driver had insurance otherwise the damage to your friends car will have to be paid out of pocket. If that were the case then you could attempt to take the at fault driver to court. It is the responsibility of the owner of the vehicle to have the vehicle insured. AnswerThe law clearly states that it is the driver's resposibility to make sure that the vehicle he/she is driving is properly insured and there are no acceptions, you will be ticketed.