The Law

• The law recognizes the co-signer as a co-owner. In any negative event, including nonpayment or a lawsuit for damages in an accident, the co-signer can be pursued.
  
  

Financial Responsibility

• The legal obligations of a co-signer are not limited to the finance company. If the primary signer does not maintain insurance, the co-signer joins the primary signer in being financially responsible for any property damage and/or personal injury caused by the vehicle.
  
  

Insurance

• Since the law recognizes the co-signer as a co-owner of the vehicle, the co-signer has the right to obtain an insurance policy on the vehicle for protection from the shared liability in any event causing damage or personal injury.