IF I Cosign AN auto lease WHAT ARE MY insurance liabilitIES?

IF I Cosign AN auto lease WHAT ARE MY insurance liabilitIES?

IF I Cosign AN auto lease WHAT ARE MY insurance liabilitIES?well your liablites in general…depends….you can be a ‘co signer’ and NOT an proprietor ( i know this because i did this with our kids…on purpose) if you are a co possessor you have the same liablity as the possessor, (ins…if accident occurs and no insurance you are held equal with holder)….if you are a co signer and NOT a co proprietor you liablity starts and completes with the financial responsiblity of the note…(they don’t pay then bank/company comes to you to pay the note/lease)…. Continue reading “IF I Cosign AN auto lease WHAT ARE MY insurance liabilitIES?”