Can I be held Liable if I am on the title of a car with my father (Cosigned Title) and the car is in an accident and I am not involved in anyway/
Total Comments: 8
Posted: Tue Mar 31, 2009 11:02 pm Post Subject:
Yes, as the owner you can be held liable. It depends mostly upon the state where the accident happened. A few state only allow the driver to be held liable for the use of the vehicle but many hold the owner responsible as well.
Posted: Wed Apr 01, 2009 09:34 am Post Subject:
Since you are the co-owner of the car you may held responsible for damages caused to other drivers. But, as your father too is one the title, his insurance would act as the primary coverage for any damages caused by him. Your policy would play the supporting role.
Posted: Wed Apr 01, 2009 11:16 am Post Subject: insurance
OP....( putting in my '2 cents' again) I think since you ARE a Co-Owner, you agreed to take on the responsibility for any accidents, Insurance issues, etc.
Posted: Wed Apr 01, 2009 02:07 pm Post Subject:
Well this one is certainly an interesting scenario-
But, as your father too is on the title, his insurance would act as the primary coverage for any damages caused by him.
What happens when both the father and son are not involved in it (suppose another person was driving the car..)? May be you're right..but I don't see the OP mention his father to have been involved in the mishap.
Purpleheaded08
Posted: Wed Apr 01, 2009 09:12 pm Post Subject:
Insurance typcially stays with the car...so whomever is driving the vehicle (with permission implied or otherwise) the policy on the vehicle would take primary place...the owners of the vehicle likewise in most states can be held responsible as well (in an excess limit issue) right along with the driver.
Posted: Fri Apr 03, 2009 06:20 am Post Subject:
I think there are couples of questions that need answering before we could reply to the OP....
Who is responsible for the accident? Has it actually happened or its a 'what if' situation?
Who is the primary lien holder in the loan document?
Is your father insured? Or are you the one maintaining coverage on the vehicle?
OP, as the above posters have mentioned, if its a third party claim then your being the co-signer wouldn't affect the claim process atall. No matter what, you'd be compensated by the at-fault driver's insurer for the damages caused to you.
Thanks,
Rupert
Posted: Fri Apr 03, 2009 08:52 pm Post Subject:
I think there are couples of questions that need answering before we could reply to the OP....
Who is responsible for the accident? Has it actually happened or its a 'what if' situation? My Little brother was driving the car when the accident happened and he is insured under my father.
Who is the primary lien holder in the loan document? My Father
Is your father insured? Or are you the one maintaining coverage on the vehicle? Yes he is insured
OP, as the above posters have mentioned, if its a third party claim then your being the co-signer wouldn't affect the claim process atall. No matter what, you'd be compensated by the at-fault driver's insurer for the damages caused to you.
Thanks,
Rupert
Posted: Fri Apr 03, 2009 08:54 pm Post Subject:
My litle brother was driving the car when the accident occured, my father is the primary and yes my father is insured.
Posted: Tue Mar 31, 2009 11:02 pm Post Subject:
Yes, as the owner you can be held liable. It depends mostly upon the state where the accident happened. A few state only allow the driver to be held liable for the use of the vehicle but many hold the owner responsible as well.
Posted: Wed Apr 01, 2009 09:34 am Post Subject:
Since you are the co-owner of the car you may held responsible for damages caused to other drivers. But, as your father too is one the title, his insurance would act as the primary coverage for any damages caused by him. Your policy would play the supporting role.
Posted: Wed Apr 01, 2009 11:16 am Post Subject: insurance
OP....( putting in my '2 cents' again) I think since you ARE a Co-Owner, you agreed to take on the responsibility for any accidents, Insurance issues, etc.
Posted: Wed Apr 01, 2009 02:07 pm Post Subject:
Well this one is certainly an interesting scenario-
But, as your father too is on the title, his insurance would act as the primary coverage for any damages caused by him.
What happens when both the father and son are not involved in it (suppose another person was driving the car..)? May be you're right..but I don't see the OP mention his father to have been involved in the mishap.
Purpleheaded08
Posted: Wed Apr 01, 2009 09:12 pm Post Subject:
Insurance typcially stays with the car...so whomever is driving the vehicle (with permission implied or otherwise) the policy on the vehicle would take primary place...the owners of the vehicle likewise in most states can be held responsible as well (in an excess limit issue) right along with the driver.
Posted: Fri Apr 03, 2009 06:20 am Post Subject:
I think there are couples of questions that need answering before we could reply to the OP....
Who is responsible for the accident? Has it actually happened or its a 'what if' situation?
Who is the primary lien holder in the loan document?
Is your father insured? Or are you the one maintaining coverage on the vehicle?
OP, as the above posters have mentioned, if its a third party claim then your being the co-signer wouldn't affect the claim process atall. No matter what, you'd be compensated by the at-fault driver's insurer for the damages caused to you.
Thanks,
Rupert
Posted: Fri Apr 03, 2009 08:52 pm Post Subject:
I think there are couples of questions that need answering before we could reply to the OP....
Who is responsible for the accident? Has it actually happened or its a 'what if' situation? My Little brother was driving the car when the accident happened and he is insured under my father.
Who is the primary lien holder in the loan document? My Father
Is your father insured? Or are you the one maintaining coverage on the vehicle? Yes he is insured
OP, as the above posters have mentioned, if its a third party claim then your being the co-signer wouldn't affect the claim process atall. No matter what, you'd be compensated by the at-fault driver's insurer for the damages caused to you.
Thanks,
Rupert
Posted: Fri Apr 03, 2009 08:54 pm Post Subject:
My litle brother was driving the car when the accident occured, my father is the primary and yes my father is insured.
Thanks for everyones help.
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