SR-22 insurance is a financial responsibility form that proves you meet your state’s minimum mandated insurance coverage. Minimum coverage requirements vary somewhat between states. States want assurance that high-risk drivers have continuous liability coverage for a specific time as a condition for license reinstatement. Other reasons such as legal judgments sometimes require individuals to obtain SR-22 insurance.
Most states require every driver to maintain liability insurance to pay for bodily injury or property damage. SR-22 insurance must also include this minimum amount of coverage, but some states require SR-22 policyholders to have higher minimum coverage. The SR-22 insurance certificate is an endorsement to your insurance policy, which guarantees that you fulfill these state requirements.
This article was last updated on December 13th, 2022 by UltraCar Insurance
