![]() ![]() Often, depending on the state, temporary plates and binder insurance coverage can be issued. Once a vehicle is sold however, the responsibility to legally register and insure the vehicle falls upon the new owner. A dealer may transport a vehicle using specially registered license plates, knowing that should an accident occur the dealer is protected by insurance. ![]() While basic liability coverage is required by every state and the District of Columbia, each state differs as to what specifically is required for a newly purchased vehicle before it can legally be driven off the auctioneer’s lot.Īuto dealers have blanket insurance policies that cover vehicles they own while on display, or while being driven by company employees or by potential customers. The rules governing car insurance requirements for vehicles purchased at auction vary from region to region and from state to state. ![]()
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