When it comes to insuring a vehicle, there is no better way to protect yourself than by obtaining SR-22 insurance. SR-22 insurance is designed to provide drivers with a higher degree of financial protection than standard liability coverage. But, before you purchase an SR-22 policy, it’s important to understand exactly what it covers, the advantages and disadvantages of the coverage, and what obligations you must meet in order to obtain and maintain the policy.
At its core, SR-22 insurance is simply a certificate of financial responsibility that’s required by some states. It requires that drivers maintain a higher level of liability coverage than with traditional auto insurance policies. This type of insurance is also referred to as “high-risk insurance.” If you’ve been convicted of a DUI, for example, an SR-22 certificate may be required to prove that you’ve met the minimum financial responsibility requirements of your state.
If you’re considering purchasing an SR-22 policy, it’s important to Shop Around. Different insurers may offer different coverage levels, which could influence the overall cost of your policy. It’s also important to understand what you’re getting with an SR-22 policy. Generally, this type of insurance provides coverage only for damages resulting from accidents. It won’t necessarily provide any coverage for theft, vandalism, or any other risks associated with owning a vehicle.