[recycled sixtie]

If you have a son or daughter insured on your same auto policy as you, are you concerned about their actions if for instance your child is at fault and causes liability exceeding say the amount covered on the ins. policy? Can the ins. co. come after your personal assets if the liability amount is exceeded?

What to do? Sell the auto to your child for a $1 and then have them on a separate policy from you? Better safety could be that your child is with a separate ins. co. altogether? My daughter is graduating from univ. in a few weeks and I think that I can get a reduced premium for her if she owns the car.
She supposedly would be even more responsible seeing that she owned the car? Your thoughts please!