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I registered my car as GIFT and DMV lady says the insurance will not pay me by the blue book?

My brother gave me his car worth 15,000 dollars. I registered the car as GIFT and the dmv lady asked me how much you think the car is worth? I said well since it's gift, I'm going to put down 500 dollars. She says this car is 50,000 mileage and the year is fairly relevant. If you ever get in a wreck, you would only get 500 dollars and not by the blue book. Insurance doesn't matter. I told her I don't care. She gave me a long dmv number and people who came before me got their numbers called first. I was shocked.. I got my car to registered at only 15 dollars. Is it true that if I get in a wreck, the insurance will only pay me 500 dollars? And why did she make me wait so long? WTH.

   








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My brother gave me his car worth 15,000 dollars. I registered the car as GIFT and the dmv lady asked me how much you think the car is worth? I said well since it's gift, I'm going to put down 500 dollars. She says this car is 50,000 mileage and the year is fairly relevant. If you ever get in a wreck, you would only get 500 dollars and not by the blue book. Insurance doesn't matter. I told her I don't care. She gave me a long dmv number and people who came before me got their numbers called first. I was shocked.. I got my car to registered at only 15 dollars. Is it true that if I get in a wreck, the insurance will only pay me 500 dollars? And why did she make me wait so long? WTH.


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My brother gave me his car worth 15,000 dollars. I registered the car as GIFT and the dmv lady asked me how much you think the car is worth? I said well since it's gift, I'm going to put down 500 dollars. She says this car is 50,000 mileage and the year is fairly relevant. If you ever get in a wreck, you would only get 500 dollars and not by the blue book. Insurance doesn't matter. I told her I don't care. She gave me a long dmv number and people who came before me got their numbers called first. I was shocked.. I got my car to registered at only 15 dollars. Is it true that if I get in a wreck, the insurance will only pay me 500 dollars? And why did she make me wait so long? WTH.


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I registered my car as GIFT and DMV lady says the insurance will not pay me by the blue book?
My brother gave me his car worth 15,000 dollars. I registered the car as GIFT and the dmv lady asked me how much you think the car is worth? I said well since it's gift, I'm going to put down 500 dollars. She says this car is 50,000 mileage and the year is fairly relevant. If you ever get in a wreck, you would only get 500 dollars and not by the blue book. Insurance doesn't matter. I told her I don't care. She gave me a long dmv number and people who came before me got their numbers called first. I was shocked.. I got my car to registered at only 15 dollars. Is it true that if I get in a wreck, the insurance will only pay me 500 dollars? And why did she make me wait so long? WTH.