I co-signed on my son's car loan. The car was stolen last week, he had no car insurance at that time.

You both are responsible and if he stops making payments, they will probably try to seek a judgment against you as a cosigner.

You are just as responsible as your son. Realize that, from a layman's standpoint, there is no such thing as co-signing. When you co-sign for a car, you are buying it for the person who can't get credit. This means that you are holding yourself responsible for someone who is buying something they cannot afford.

You are both fully responsible for the loan.

Report the car stolen to the police and perhaps they will locate it. You are both responsible to repay the loan even though the car has been stolen. Good luck.

If the insurance had lapsed or not been paid, then yes as a co-signer you are jointly responsible for payment on the remainder of the loan. You should report it stolen and hopefully they can locate it, but you need to make sure that payments continue to be made or you will face a suit and judgment on the loan. You should also follow up and make sure there really was no coverage in place. Given that there was a loan, there was initially insurance coverage on the vehicle. I would check with the original insurance company to confirm that the policy had lapsed. If there is a question of timing as to when the policy lapsed or when it was in effect, consult with a local attorney from who handles insurance coverage issues like myself. Attorneys handling insurance coverage issues will usually handle those on a contingency basis with a free consultation. Best of luck, Chuck Smith, Esq. Offices Orlando