SR22 Car Insurance
Reader’s Question:
I would like to know if my non owners SR22 car insurance will cover me for the uninsured car? Is it enough car insurance for uninsured car?
Sam
Chicago IL
I suggest that you check that any automobile you operate has insurance on it or not. Do not rely upon SR-22 car insurance to supply the required car insurance coverage. The car owner is required to place insurance on it. Your non-owners SR22 car insurance will be second to that insurance coverage. A non-owners SR-22 car insurance usually does not protect coverage for the car (Physical Damage) or other essential coverages like PIP, UM, and/or PD.
In case you borrow an automobile from a friend and get into any sort of accident in that vehicle, your friend’s car insurance would certainly kick in 1st. But when, for instance, if you were found at fault in an accident and the injury to the other driver’s car exceeded the liability limits in your friend’s insurance plan, your nonowners SR22 car insurance coverage would cover the excess (up to policy limits).
If the car’s insurance policy got canceled or terminated or lapsed or was not in effect, the non-owners SR22 car insurance policy would cover the policy holder in case of an accident. Remember though, a non-owners policy covers liability only, not the car.
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 Auto Insurance Explained
Reader’s Question:
My friend is required to have an SR22 financial responsibility form and I added him as an additional driver to my insurance policy and they issued a SR22 to the state, is he now covered to drive other cars?
George
Aurora, CO
Your friend should be able to operate any vehicle now if his license is valid and filing the SR22 was the only thing required of him by law to start driving again. He/She should be covered to operate other cars as long as the car owner’s insurance provider does not have an exclusion or issue about it.
The SR-22 provides liability coverage only so it would not cover any physical damage to the car he is driving. The owner of the car that he is driving would be the primary insurance coverage on the vehicle.
