Sunday, January 25, 2015

if I am a cosigner on an loan for a car and that car is in an accident, I am not the driver. Can I be sued for property damage or personal i...

Question

if I am a cosigner on an loan for a car and that car is in an accident, I am not the driver. Can I be sued for property damage or personal injury. What am I libel for?



Answer

If you are also listed as a co owner of the car you could be liable for the damages. Check the title of the car and if there is insurance on the car, notify the insurance company if you receive any correspondence from an attorney.



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