What are my responsibilities as a motor lease co-signer within shield a vehicle twist of fate and want of insurance liability?
I'm a co-lesse in a car lease. A primary lesse own had a car catastrophe where several cars were involved. An insurance coveridge for property destruction and bodily injury liability is short to pay full amount of money for this accident. Do I hold to pay my personal money to cover lack of liability within this case or this is responsibility of the primary lessee only?
You could try to google it ,here is some direct resource might be helpful.http://car-insurance.online-tips.info/ca...
As a car lease co-signer, you are responsible for the bank person paid for the car singular. Is someone trying to sue you for the bodily injuries when you weren't even there?
Answers: There's no such item as a "primary lessee". If you signed because they have rotten credit, rest assured, YOU are the one that the leasing company and other party are going to come after, for adjectives damages.
Yes, you'll be responsible for the excess.