Tag: Auto Insurance
-
Understanding the Legal Responsibilities Insurance Cosigner!
As a co-signer, you are legally responsible for the debt and must repay the loan if the borrower defaults. You are not liable for any accidents or damages caused by the primary borrower. Co-signing a loan alongside the primary borrower legally binds all parties to the debt, with the co-signer also assuming financial responsibility…
-
Do Co-Signers Have to Be on the Auto Insurance Policy?
When it comes to co-signers and auto insurance, they may not always need to be on the policy. Whether a co-signer needs to be added to the auto insurance policy depends on the specific terms and conditions set by the insurance provider. Some insurers require co-signers to be listed on the policy, while others may…