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Will you be liable if you co-sign an automobile loan and your name is not on the title if the automible is in an accident?
Wiki User
∙ 16y ago
Well, you'll be liable for the loan, but that's about it, unless you had something to to with the so-called "accident" (which is rarely accidental, and more often the result of negligence).
Wiki User
∙ 16y ago
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Is a cosigner liable for an automotive repossession in Michigan?
When you cosign for an automobile purchase you are typically liable for an automobile repossession in Michigan. The reason why is because you are responsible for car payments as a cosigner if the primary debtor cannot pay.
If you cosign for a mobile home are you liable for lot rent?
If you have co-signed as a tenant on the lot then yes you are.
If you cosign for a car loan can you be sued successfully?
Yes. If the signer defaults on the loan, then you, as the cosigner, would be liable.
Who is liable in a multi-car accident?
The person that is responsible for the accident.
Can you be sued if you cosign on auto that is in an accident?
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.
I cosigned on an automobile loan and insurance for my son. Who is responsible if the insurance is not paid up and he gets in an accident?
As a cosigner, You are jointly and separately liable for any and all amounts that might arise out of the finance note you guaranteed.
If you cosign your son's rental agreement are you liable if he has parties where minors drink alcohol?
A cosign agreement is usually just a financial agreement to cover the rent or damages if your son can't pay. I don't think it has anything to with underage drinking.
If the driver of a car is liable for an accident who is liable the owner of the car or the driver's insurance company?
The owner of the car is liable for the accident itself and the damage. However, the insurance company might have to pay for it, depending on the owners insurance cover.
Who is liable if someone borrows your car and gets in an accident?
The fault lies with the vehicle that cause the accident. When someone borrows a car, the car owner can be liable because the allowed someone to drive the vehicle. Often this type of accident has to be sorted out in court.
The driver of a car is a minor driving mother's car and minor is not listed on NM automobile insurance Minor hits pedestrian Who is liable?
The mother is liable
Can you be held liable if you have a permit and was in the vehicle with a licensed driver and got into an accident in NY?
Who else do you think should be held liable?
If you cosign a car loan for someone and they while under suspension could you be in trouble too?
Co-signing a note means you will be legally liable if that person can not pay.
