Do I have liability exposure if I am listed as a co-owner on a car title?

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Do I have liability exposure if I am listed as a co-owner on a car title?

I purchased a car for my sister. We do not live in the same household. The

dealership listed both of us as purchasers on the title they signed over to me.

When registering the car, I wanted to title it and register it in my sisters name

and not have my name on the new title. However, the tag agent said I had to be listed on the new title since my name was listed as buyer. We will be listed as co-owners on the new title and registration. My sister has insured the car in

her name. If there is a liability claim, could I face exposure since I am listed

as a co-owner?

Asked on July 5, 2018 under Accident Law, Oklahoma

Answers:

S.L,. Member, California Bar / FreeAdvice Contributing Attorney

Answered 3 years ago | Contributor

If your sister is at fault in an accident, both you and she are liable because both of you are the registered owners of the vehicle.
Your liability would include property damage (cost of repairs) to the vehicle not at fault in the accident and the personal injury claims of each occupant of that vehicle.
The personal injury claims will include medical bills, pain and suffering which is an amount in addition to the medical bills, and wage loss.


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