Co-signing mom fears being sued

Dear Dr. Don,
I've read your columns in reference to co-signing a loan. I have another question. I co-signed a car loan for my 20-year-old daughter to help her get a car and build her credit history.

She is making her payments on time; however, the vehicle is registered in both of our names. Her boyfriend drives the car, too, and the insurance is in her name only. Can I get sued if either of them gets in a wreck with the car?
-- April Auto

Dear April,
The short, seemingly simple question you raise involves several different issues. Let's take the key issues one at a time.

I've asked Eric Wiening, an insurance professor at The American College in Bryn Mawr, Pa., and a Chartered Property Casualty Underwriter, to assist me in answering your questions.

His comments, as they relate to the insurance coverage, are based on a standard Insurance Services Offices personal auto policy. There may be variations among insurers' forms, state laws and company practices.