Image : http://www.flickr.com
A certain type of car insurance policy is known as SR-22 insurance. What is SR-22 insurance and why would you need it?
SR-22 insurance is really a certificate that is required to provide proof of liability insurance for a variety of reasons, depending upon the state you live in. Usually, you would need an SR-22 if your drivers license has been revoked or suspended and you've just got it reinstated.
The certificate lets the motor vehicle department know that you have enough liability insurance to cover the minimum required limits of liability for your state. The car insurance company that provides the SR-22 is required to notify the state motor vehicle department if your insurance coverage lapses or is cancelled. If that happens, you usually need to reinstate your insurance or your license can be suspended until you have coverage again.
Drivers who are required to have SR-22 insurance usually need to carry it for a certain period of time after their license is reinstated. This could be three years, five years, 10 years and in some cases even for life.
One of the biggest reasons a state requires SR-22 insurance is when a drivers license is reinstated after a DUI (Driving Under the Influence) or DWI (Driving While Intoxicated). However, some states may require this for different reasons. Other reasons include being convicted of driving without insurance, having an uninsured accident that you are at-fault, excessive moving violation tickets and more.
Not all car insurance companies provide SR-22 insurance; usually only companies that specialize in high risk auto insurance offer it. If you need an SR-22, you'll have to do some shopping around. Since you're considered a high-risk driver, you'll probably have to pay a higher premium. If possible, try to get at least three quotes from different companies for comparison.
My Links : Insurance, Auto Insurance Hipmore Digital Frame Secured Loan Calculator Mesothelioma Lawyers San Diego DC auto insurance
No comments:
Post a Comment