SR-22 Car Insurance
“SR-22 Car Insurance” In the USA, an SR-22 is a vehicle liability insurance document required by most state DMV (Department of Motor Vehicles) offices for high-risk insurance policies.
It is also known as a financial responsibility filing a certificate of insurance.
A Department of Motor Vehicles may need an SR-22 from a driver to return his or her driving rights following an uninsured car accident or opinion of another traffic-related crime, such as a DUI (Driving under the influence).
SR-22 Car Insurance
An SR-22 may be needed for 3 years for a punishment of driving without insurance or driving with a suspended license and up to 5 years for a Driving under the influence (DUI).
If an SR-22 should lapse or be canceled, the insurance company is required to issue an SR-26 form, which certifies the cancellation of the policy.
Some states accept an SR-22 as an option to a deposit in cash or security as proof of financial trust. In Arizona, for example,
a driver trying reinstatement under some conditions may submit an SR-22 in lieu of depositing $40,000 in cash or documents of deposit.
SR-22 Car Insurance Video
Do I Need An SR-22?
While every state has its personal demands, examples of conditions that generally require an SR-22 Insurance include the following:
- Repeat traffic offenses or getting too many tickets in a short time period.
- To reinstate a suspended or revoked license.
- DUI (Driving under the influence) or DWI (Department of Motor Vehicles) or any serious moving violation.
- At-fault accidents while driving without insurance.
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