Legal Question in Insurance Law in Florida
Can my parents, who paid for my car be liable for accidents I have?
I got a loan (on my own merit) for a car in March, 2002. In April, 2002 I was laid off from work. Since I was unable to find work, slowly I became deliquent on the car payments. My parents took out a loan and paid off my car so I would not lose it. I am paying them each month. The title is free and clear in my name. After still not finding work, I let the insurance lapse. They are worried that if I have an accident, and since they paid off my loan with their own loan, they can be held responsible. Is this true?
Asked on 10/09/03, 7:34 pm
1 Answer from Attorneys
David Slater
David P. Slater, Esq.
Re: Can my parents, who paid for my car be liable for accidents I have?
No. Only the owner and driver are liable.
Answered on 10/09/03, 8:30 pm
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