Q: I would like to put a Lien on a Motor Vehicle that I have put up for sale. The prospective purchaser has asked to pay in installments, but wants the car to be insured in his name. I have agreed to do this on the condition that the arrangement remains professional; hence my desire to have a Lien placed on the vehicle until the final installment is paid. Can you please provide some guidance in this regard?
A: As your Insurance Brokers, the advice we offer relates specifically to your insurance placement, available policy benefits and options, the processing of claims, the financing of your policy and all matters relating to full coverage of your vehicle. We are not positioned to offer advice on putting a lien on your vehicle given that the contract between the buyer and yourself is a private arrangement.
We strongly suggest that you consult a lawyer on this matter.
Should you require further assistance, please do not hesitate to email us at mib@cwjamaica.com.
Q: I am now a regular and very happy user of MIBinsure.com. However, I have been trying through the online system, to amend my record to reflect my new license plate number. I now have a different license plate number from the one you have on record and I would like to have this information updated.
A: The opportunity to update your record is available at the renewal date of your policy each year. You will have the option of changing the registration number once you are completing the renewal questionnaire on www.mibinsure.com.
Please feel free to contact us via mib@cwjamaica.com if you need further assistance. One of our customer support officers will gladly walk you through the process.
Shannon Samuda
Communications Officer
Marathon Insurance Brokers
smsamuda@mibja.com
