SR22 Form
Reader’s Question:
What situations will require filing of the SR22 form?
Jimmy
Detroit, MI
There are various situations where you will be required to file an SR22 form. The SR22 form is also known as the Certificate of Financial Responsibility (CFR). This SR22 form is filed by the insurance company with the MI Department of Motor Vehicles (DMV) to confirm that a particular policyholder indeed has a current vehicle liability insurance coverage. In most cases, filing of the SR22 form will be needed if an individual fails to present any proof of financial responsibility following a car accident where he was found to be at fault or after getting pulled over for suspicion of driving while impaired. In situations where an individual’s driving privileges are suspended or revoked, the SR22 form has to be filed by his insurer to facilitate the reinstatement of the driver’s license. The other instance that would require the SR22 form is when an individual chooses to maintain non owner vehicle liability insurance. This is a very popular choice among those who do not own and maintain their own vehicles but frequently drive rented or borrowed ones. This SR22 form will be a certificate of self insurance issued by the DMV and should contain the name of the car owner.
SR22 Insurance
Reader’s Question:
My husband had a car accident last week and unfortunately, he had a little drink before he drove home. How does SR22 insurance work here in California and what coverage should we get?
Jade
Bellflower, CA
Whenever you had an accident the usual thing you do to prove your financial responsibility is to provide a proof certificate from a California Insurance that should be authorized to do business in California. In order to get a California Insurance proof certificate you can call your insurance broker or agent but you should not hand in a copy of your policy for it could not replace the California Insurance proof certificate. Only the SR22 insurance document that was issued by the Insurance Company can guarantee to the Department of Motor Vehicles in California that you have gotten hold of the states requirement of minimum liability coverage. And this can also remove your driver’s license under suspension.
An SR22 Motor Vehicle Liability may only cover one vehicle registered under your name or to those vehicles you do not own or the broadest coverage in which it covers all the vehicles you own or not. Once you have the state’s minimum liability requirement, your insurance will inform the Department of Motor Vehicles about your insurance coverage. The best thing you could do is to get a Minimum Liability Coverage for all your vehicles registered under your name for your own use or operational use. If you don’t own a Motor Vehicle Liability Coverage you have to acquire a non-owner’s liability coverage. And the minimum of SR22 insurance is for three years and can be extended based on how severe your situation is.
Tags: auto liability insurance, car insurance, car insurance agent, SR22 insurance
