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If you have a joint policy with someone who is involved in a serious car wreck and you do not own the car are you liable? |
You may bare some ramifications (rate increases etc), but if I am understanding this correctly you do not own the vehicle at all. The owner will be liable however the policy that you are listed/co own will be responsible for payment and could effect your rates, in the future as well.
First answer by Mama lori. Last edit by Mama lori. Contributor trust: 290 [recommend contributor]. Question popularity: 27 [recommend question]
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Answers.com > Wiki Answers > Categories > Business and Finance > Insurance > Auto Insurance > Auto Accidents and Insurance Claims > If you have a joint policy with someone who is involved in a serious car wreck and you do not own the car are you liable?
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What happen if you wreck a car and your not on any policy? Your car is in your name the other car is in both names can you have a joint policy?
