SR22 Financial Responsibility

Reader’s Question:

What is SR22 financial responsibility?

Sean

Bedford VA

An SR22  form is required by the Department of Motor Vehicles to remove the suspension on your driver’s license. An insurance company generally takes care of the SR22 filing. This filing will guarantee the state of Virginia’s DMV that a motorist has enough liability coverage based on the minimum requirements set by the state.

Filing for an SR22 Financial Responsibility can be made the same day your license is revoked. By using the Internet, you can view several SR22 insurance companies that can provide you with their online estimate of SR22 filing. You are only requested to fill up an online SR22 survey form and in an instant you get your free SR22 quote based on the information you entered. You may also call directly the hotline of the insurance company to speak with a stand by online insurance agent.

It usually takes around three years to keep an SR22 form. Such holding period can be prolonged depending on the gravity of the situation. The insurance company must notify the DMV if the SR22 is expired. At this time, your license gets suspended if the SR22 is no longer valid.

Basically, your driver’s license is invalidated if you do the following: driving while intoxicated, driving without legal insurance and getting several DMV points over a specific period of time. You need to have all your vehicles that are registered under your name to be covered with minimum liability coverage insurance. Non-owner liability coverage is for those individuals who don’t own the vehicle they are operating.

To get a faster transaction of your license reinstatement, contact ahead the DMV to reconcile any unpaid fines or DMV charges. Among these charges is your reinstatement fee. There are also some insurance companies that require you to get a Driving Record Report from the DMV. This is important for them to give you an accurate estimate of your SR22 insurance coverage price.

How Do I Protect Myself Against Uninsured Drivers?

Reader’s Question:

I have recently moved to Nevada for a one-year work assignment. What do I need to know about car insurance laws in this state in regards to uninsured motorist?

Bobbie

Carson City, NV

Nevada’s only requirement to its motorists is to have a minimum liability insurance coverage. Minimum coverage means the car insurance company will shoulder the medical expense and repair cost incurred following an accident that you caused.

Medical payments insurance covers 15 thousand dollars for a single driver’s treatment of bodily injury, or up to a total of 30 thousand dollars for all the passengers in the car involved in the unfortunate accident. A maximum 10 thousand dollars is assigned to cover repairs and/or replacement of the other motorist’s car.

But despite laws obligating Americans to have auto insurance, people still drive around without or with not enough coverage. This is why purchasing the Uninsured/Underinsured Driver’s Insurance is always a smart move. This type of insurance protects you and your family members from those kinds of drivers.

Uninsured/Underinsured coverage in your policy pays for medical expense incurred for treatment of bodily injury resulting from an accident where a driver with not enough liability coverage or having no auto insurance of any kind is at fault. This coverage also pays for medical treatment if you were injured by a hit-and-run driver. Remember, though, that for this type of auto insurance to kick in, the other motorist has to be declared at fault.

Do I Need Car Insurance For a Parked Car I Do Not Drive?

Reader’s Question:

I live in Antioch, California. I have a vehicle here that I do not use and did not place insurance on it. It is parked in the streets. I am just wondering if somebody drive that car and got cited for being uninsured, will the ticket go on my record or to the driver operating the car? I currently live in New Jersey.

John

Antioch, CA

According to the California Department of Motor Vehicles financial responsibility must be acquired and must be carried on any car operated or parked on CA roadways. So if your vehicle is going to be parked on a streets you would need to put car insurance on the car.

According to the California Department of Insurance all CA motorist and vehicle owners must have at least the statutory limits of minimum liability insurance or an approved alternative way to pay for property or injury damage they may cause to others. Penalties are very harsh for those who do not comply on this law.

So if you are the owner of the vehicle in Antioch, California and you are planning to parked on the street you would have to have auto insurance on the vehicle and be responsible, if someone operated it while it was without mandatory liability insurance . The fact that you are living out of state in New Jersey will not make a difference to police officer if you permit others to operate an car that that you own without insurance.