Section 1714.1 is the answer to "do I have to pay for what my child broke", and the answer it gives is narrower than people fear and wider than they expect. Subdivision (a) imputes any act of willful misconduct of a minor that results in injury or death to another person, or in injury to another's property, to the parent or guardian having custody and control, for all purposes of civil damages. That parent or guardian is jointly and severally liable with the minor. The key word is willful: carelessness by a child is not imputed by this section, and the liability it creates does not depend on the parent having done anything wrong.
The liability is capped. Subdivision (a) sets the joint and several liability at $25,000 for each tort of the minor, and where the claim is for injury to a person it is further limited to medical, dental and hospital expenses incurred, within that same ceiling. Subdivision (b) applies the same structure to defacement of property with paint or a similar substance, and adds court costs and attorney's fees to the prevailing party. Subdivision (c) requires the Judicial Council to adjust both figures every two years for the California Consumer Price Index, rounding to the nearest hundred dollars and publishing the result on or before 1 July of each odd-numbered year — so the operative number is the published one, not the $25,000 printed in the text. Subdivision (d) fixes the maximum at what it was when the act was committed.
Subdivision (a) also says the liability imposed is in addition to any liability now imposed by law, which is the point most often missed: a parent who was themselves negligent — in supervision, or in letting a child use something dangerous — can be liable on ordinary principles under § 1714 without any cap at all. Subdivision (e) limits an insurer's exposure for the imputed liability to $10,000. Which route a particular claim runs on is worth checking with a lawyer.