I about just had a question liability. I had an automotive accident the other day. There is the possiblity of an injury in the other party; the accident was my fault. My insurance covers up to only $25,000 for personal injuries. Suppose that the opposing party needs a significant amount over that. I am an 18 year old without much money. Are my parents liable/are they required to fork out the money? I am dependent under them by law and we are all on the same insurance policy. I reside in State of Texas.

Yes your parents are liable. I was in a wreck when I was 17 in 2004. The other party was injured when I hit them. My parents are currently being sued for this wreck. You are considered a minor in the court of law until you are 21. So therefore, my parents are liable for my wreck. I "supposivley" injured the other party and we are in a lawsuit right now. If they win then my parents will owe them whatever she is suing us for. My parents only had coverage for $25,000 also so theywill owe her whatever she wants over that amount. Since I am now an adult she can sue me along with my parents. Lawsuits take a very long time to settle so they can get money from you too when you turn 21 and from you parents also. I reside in the state of Mississippi so I am assuming we have the laws.