If our daughter is a high risk for insurance and our names are put on a policy in order for her to get a better rate, will we be responsible in any way?

If our daughter is a high risk for insurance and our names are put on a policy in order for her to get a better rate, will we be responsible in any way?

She’s 19 and we were told she would get a better rate if she added our names to the policy. She has had 2 wrecks and 1 ticket over a 2 year period. Insurance dropped her 5 months ago. She now has to have high risk insurance for 6 months with no claims, to get back on our insurance. She’s a student and works part-time. Would we be responsible in any way if she were to be at fault in an accident because our names are on policy as additional/occasional drivers? Vehicle is in her name only and insurance policy is in her name.

Asked on June 22, 2012 under Insurance Law, Tennessee

Answers:

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