SR-22 Insurance – Understanding What It’s All about

by | Dec 26, 2012 | Insurace

SR stands for safety responsibility. SR-22 is a vehicle liability insurance that is unlike your usual car insurance. It is important to understand the basics so that you can differentiate SR-22 insurance from the normal auto insurance. It is important to note that this type of insurance is only available in some states. You should find out whether the state that you are in has SR-22 insurance. There are some basics that you need to learn about this insurance. They include:

* SR-22 insurance is a certification of proof of insurance in the future. It is important to note that each state has a minimum requirement for auto insurance. Failure to meet these financial obligations is a breach of the law that could lead to serious repercussions. When you cannot meet these obligations you can get an SR-22 insurance. This insurance allows you to drive without the minimum requirement in auto insurance. The insurance has to fill an SR-22 form with the Department of Motor Vehicles to inform them that their client is driving without the minimum state’s requirement.

* You do not need to own car to buy this policy but you can speak to your insurance provider to offer you a non-owners SR-22 insurance policy. The policy expires after a specific period and the insurance provider must notify the DMV when it is cancelled or expires. In addition, when you fully comply with the requirements, the insurance has to add the SR-22 form filing to your auto insurance as an endorsement that shows that you have fulfilled your obligations.

* The SR-22 insurance certificate is issued in three forms. The operator’s certificate is a policy that covers someone in a non-owned vehicle. If you do not have a vehicle, this policy will cover you. There is also an owner’s certificate which covers someone with a vehicle, and applicant has to list the type of vehicle owned and where applicable list all the vehicles under his name. Finally, there is the owners-operators form that covers all vehicles that are owned or non-owned by the operator.

* It is important to note that the insurance will cover for damages caused by the person covered in case of an accident. The amount they can cover depends on the type of policy that has been taken. Therefore, this policy assures the DMV that the person is not driving uninsured although he cannot meet the required standards.

It is important to note that SR-22 insurance is very helpful during DUI cases. If you have an SR-22 form, it can help you prevent suspension of your driving privileges. It is also necessary when getting insurance and you have been convicted of DUI. It is a proof of financial responsibility.

There is a process involved in filing for SR-22 insurance in Knoxville TN. It is important to learn what you need to know before getting it. You can learn more from ISG Auto Insurance.

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