Do you want to buy auto insurance in Puerto Rico? You’ll have to learn about the Puerto Rico Motor Vehicle Compulsory Liability Insurance (CLI) Law first. To put it simply CLI is Puerto Rico’s term for “No-Fault” insurance, which, among other things, requires all cars operating in Puerto Rico public highways to have a liability insurance coverage of no less than $3,000.
In addition to the liability insurance coverage, car owners are also required to get medical liability insurance as well. This insurance is known as the ACAA, otherwise called Agency for the Compensation of Automobile Accidents. What sets CLI apart from the ACAA is that the former only covers damages your vehicle on other people’s car.
Before you can buy your auto insurance in Puerto Rico, you will need to register it first. You will then need to get the CLI premium which costs $99.00 for private passenger cars and $148.00 for commercial cars, which will be included in your annual registration fee. If it is your first time in looking for auto insurance in Puerto Rico, you will need to comply with the law when obtaining your motor vehicle license and the same thing after that when you have to renew your registration. A lot of insurance companies are even prepared to give you a discount on their coverage premium if you can prove that you already have $3,000.00 in liability coverage. Also, even if your car is not registered in Puerto Rico, you will still need to comply with CLI. Here are three simple steps for you to do just that.
1) You will need to obtain a liability insurance coverage amounting to $3,000.00 from a licensed company that offers auto insurance in Puerto Rico.
2) Alternately, you can try to obtain CLI coverage from a private insurer who is authorized to underwrite auto insurance in Puerto Rico.
3) Another way to comply with Puerto Rico’s auto insurance law is by acquiring traditional insurance coverage for damages done to your car with a cover that is the same or even greater than that of the CLI. After you have met the required amount on your CLI, your insurance company will need to request a certificate of proof of insurance from the JUA.
In addition to the requirements mentioned above, you can buy as much additional coverage and personal property coverage as you want. Aside from the CLI and other required auto insurance in Puerto Rico, it is important that all motor vehicles have registration, ACAA and up to date inspections.
In addition to the liability insurance coverage, car owners are also required to get medical liability insurance as well. This insurance is known as the ACAA, otherwise called Agency for the Compensation of Automobile Accidents. What sets CLI apart from the ACAA is that the former only covers damages your vehicle on other people’s car.
Before you can buy your auto insurance in Puerto Rico, you will need to register it first. You will then need to get the CLI premium which costs $99.00 for private passenger cars and $148.00 for commercial cars, which will be included in your annual registration fee. If it is your first time in looking for auto insurance in Puerto Rico, you will need to comply with the law when obtaining your motor vehicle license and the same thing after that when you have to renew your registration. A lot of insurance companies are even prepared to give you a discount on their coverage premium if you can prove that you already have $3,000.00 in liability coverage. Also, even if your car is not registered in Puerto Rico, you will still need to comply with CLI. Here are three simple steps for you to do just that.
1) You will need to obtain a liability insurance coverage amounting to $3,000.00 from a licensed company that offers auto insurance in Puerto Rico.
2) Alternately, you can try to obtain CLI coverage from a private insurer who is authorized to underwrite auto insurance in Puerto Rico.
3) Another way to comply with Puerto Rico’s auto insurance law is by acquiring traditional insurance coverage for damages done to your car with a cover that is the same or even greater than that of the CLI. After you have met the required amount on your CLI, your insurance company will need to request a certificate of proof of insurance from the JUA.
In addition to the requirements mentioned above, you can buy as much additional coverage and personal property coverage as you want. Aside from the CLI and other required auto insurance in Puerto Rico, it is important that all motor vehicles have registration, ACAA and up to date inspections.
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