If you have a child, chances are you have already or will in the future sign your child's driver's license application as a sponsor. Wis. Stat. §343.15 mandates that any person under the age of 18 (with a few exceptions such as those with no living parent) who wishes to apply for a driver's license must have a sponsor. By sponsoring a driver's license, a sponsor agrees to be held jointly and severally liable for damages caused by negligent or willful misconduct of the sponsored driver. In most cases if your child is added to your insurance policy, you may have less to worry about (from a financial standpoint). However, if your child has their own car and insurance policy, you may want to review both of the policies.
Automobile insurance is an important aspect of life which most people do not pay much attention to until they are in a collision. Unfortunately, when a collision occurs some people may find that their insurance coverage is inadequate and that their insurance company will not defend them throughout the litigation which may ensue.
After a car accident most people are shaken and confused, some are even dazed and injured, however, many will give an near immediate statement as to their account of how the accident happened. This can be dangerous.