I cosigned an auto loan and made sure the joint owner had state specified insurance—Florida

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I cosigned an auto loan and made sure the joint owner had state specified insurance—Florida

My name of cosigner was not on the insurance. The insurance was valid at the time of accident. Do I as cosigner have liability

Asked on April 25, 2009 under Personal Injury, Florida

Answers:

MD, Member, California Bar / FreeAdvice Contributing Attorney

Answered 12 years ago | Contributor

You can.  Depends on how the contract was signed.  If you are surety on the loan, and are listed as a co-owner on the title, you can be held liable.  If you are merely a surety of the loan and not listed on the title as an owner, chances are you may not be held liable.

http://myfloridalegal.com/pages.nsf/main/4aa0539ef34b1e3585256cc90054a39d!OpenDocument


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