I have a 20yr old son who is working, but still lives at home. If he buys a car and insures it under his own name, am I legally liable for him if he is involved in an accident and injures someone? We live in NY. Do I need to insure him or should he be on his own due to legal matters? Thanks for any information you can give.
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ANSWER for "Insuring 20 y/o son who lives at home?":
Rob (New York):
Because your son is 20 years old, you will not be liable for property damage or personal injuries he might cause while driving his own car. This is true only if your name is not on the title of the car.
If you decide to place your son on your own insurance policy, doing so will not make you any more liable than if the car was insured on a separate policy purchased by your son, or a policy in which he is the only insured.
If you do choose to add your son to your insurance and he causes an accident, you would still not be personally liable. Instead, the injured party would have a right to pursue compensation under your insurance policy.
The above is general information. Laws change frequently, and across jurisdictions. You should get a personalized case evaluation from an attorney licensed in your state. Find a local attorney to give you a free case review here, or call (888) 647-2490.
The accuracy of information provided on this site is not guaranteed. It is generic information for informal purposes only. It is NOT formal legal advice. Your use of this site does NOT create an attorney-client relationship. Before relying on any information found in this site you should consult with a licensed attorney in your state. If you are currently represented by an attorney, you should strictly abide by his/her counsel.