Does Compulsory Aut...
 
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Does Compulsory Auto Insurance transfer with title?

 
TheChambills
(@TheChambills)
Advanced Member

Hi All,

Not from the US, so not familiar with the insurance procedures there or in VI.
I have seen cars advertised as "registered and insured", does the compulsory auto insurance get transferred to the new owner when it is sold? Or does the new owner still have to get their own?
Why would they be advertising it as insured?

Thanks
Adam

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Topic starter Posted : December 8, 2011 7:45 pm
Marty on STT
(@Marty_on_STT)
Trusted Member

All vehicle owners must provide their own insurance here in the VI, as I understand it.

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Posted : December 8, 2011 9:27 pm
BeachcomberStt
(@BeachcomberStt)
Trusted Member

Where are you looking for a car that it is advertising it as "registered and insured"?

The insurance does not come with the title & registration. You get your own car insurance from one of our insurance companies on island.

You, as a driver in the VI, needs to have car insurance. Not the car.
Anyone in your household that is going to be driving the car has to be on the car insurance policy.

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Posted : December 8, 2011 9:41 pm
OldTart
(@the-oldtart)
Expert

Could just be somebody's bad choice of words and was meant to indicate that the car is insurable. You can't transfer over the registration and title of the vehicle without proof of insurance in the new owner's name.

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Posted : December 9, 2011 12:34 am
TheChambills
(@TheChambills)
Advanced Member

Ok, thanks.
These are two examples (sorry if they're your ad)
http://virgin.craigslist.org/cto/2737564437.html
http://virgin.craigslist.org/cto/2739046820.html

I think OldTart (feel bad writing that 🙂 ) is right, they're just saying that they're insurable.

Thanks
Adam

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Topic starter Posted : December 9, 2011 9:43 am
BeachcomberStt
(@BeachcomberStt)
Trusted Member

As OldTart said, it is their wording in their ads. Looks like both autos are able to be registered & insured in VI.
Also, both ads are from the same seller with a Maryland area code, not a VI area code. The photos for the Jeep are marked 2010.
Just an observation about the phone number and photo date.
Don't buy without test driving & getting it looked over by an independent mechanic first. Don't buy sight unseen.

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Posted : December 9, 2011 1:39 pm
TheChambills
(@TheChambills)
Advanced Member

Thanks for the info. We won't be buying till on island and will get an independent check once I have found something i think is solid.

Adam

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Topic starter Posted : December 9, 2011 2:27 pm
onthespot
(@onthespot)
Advanced Member

Many insurance companies will not insure a car that has "Salvage" on the title, if it was in an accident and the insurance decided the repairs were more costly than the value of the vehicle. I had a camaro totalled with just a bent hood and front bumper. And I have a pickup with a slightly bent driver's side door, runs perfectly, but it is "salvage" so I have to shop for insurance.

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Posted : December 9, 2011 4:14 pm
OldTart
(@the-oldtart)
Expert

Many insurance companies will not insure a car that has "Salvage" on the title, if it was in an accident and the insurance decided the repairs were more costly than the value of the vehicle. I had a camaro totalled with just a bent hood and front bumper. And I have a pickup with a slightly bent driver's side door, runs perfectly, but it is "salvage" so I have to shop for insurance.

Good to know. Not sure it's relevant information and it's certainly nothing I've ever encountered in over a quarter century of buying used cars on STT. But, hey, thanks for the tip re "salvage" . 😀

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Posted : December 9, 2011 6:28 pm
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