Puerto Rico is part of North America, physically and politically. Puerto Rico is part of Insular America. The Caribbean is not considered North, Central or South American. T â¦ he British Virgin Islands are part of the UK, politically, but they're not considered Europe.uerto Rico is part of Insular America. The Caribbean is not considered North, Central or South American. T â¦ he British Virgin Islands are part of the UK, politically, but they're not considered Europe.