As long as she has the correct insurance that allows the car to lent to a friend then it should cover you.
It all depends on her insurance cover
As long as you have a license. The insurance follows the vehicle, not the driver.
Her insurance may state 'other drivers with the insured's permission' in which case her insurance would at least in part cover damage to other people/cars, but probably not to her own car. If her insurance does not have that clause, you are probably in trouble.
If your child has a license the insurance on the car will probably cover it. The company can take the position that they were not supposed to be driving it and are not covered in which case it would come back to you because the child is underage.
When this happens, your Insurance company pays for damages. If the accident is your fault, your insurance rates can go up.
Your insurance won't pay for any damage or injury to persons or vehicle. (unless they were driving legally with a drivers permit)
The at-fault driver's insurance will pay for all property and bodily injury damages.
no insurance + jail
You will be punished for the violations that you have for driving with a suspended license and for driving without insurance. These punishments will be severe but vary from state to state. The violations on your part will not effect the fault of the accident and if the other party is truly at fault then their insurance company will pay for your damages incurred in the accident.
Yes it does. The cancellation of an insurance policy is not retroactive.
The same thing that happens if you did not have an Sr22. The at fault parties insurance generally pays for the accident.