Recent changes in the Virgin Islands could dramatically affect your personal and commercial auto limits. In determining the amount of automobile coverage you wish to purchase, you should be aware of a recent change in Virgin Islands law with respect to damages arising from an automobile accident caused by simple negligence. In the past, there was a $100,000 statutory cap on the total amount recoverable for non-economic damages for any injury to a person in an action arising out of a motor vehicle, providing the accident was not caused by gross negligence or willful misconduct. Non-economic damages included pain and suffering, physical impairment, disfigurement, and other non-pecuniary damages recoverable under law. In June of this year the Supreme Court of the U.S. Virgin Islands ruled this law invalid. While the court’s decision is being appealed and may be overturned, until such time there is no longer a damage cap.
It is essential that residents in the Virgin Islands determine the right coverage limits, to provide ample protection in cases involving non-economic damages. If you determine that, in light of this change in the law, you would like to change your coverage limits, then please call, email us, or stop in to our offices for a review of your current insurance and to obtain a revised quotation if deemed necessary. Being prepared for the changes in these laws is important for every personal and commercial auto policy holder that drives in the territory.