subject: How to sign up for SR22 Insurance [print this page] How to sign up for SR22 Insurance
What is Auto SR22 Insurance?
SR22 insurance or what is also called "Financial Responsibility Insurance" is a proof or certification given by a car insurance agency that validates the fact that you have car insurance coverage which complies with the minimum liability limits that the state requires by law. This is required by the state as a means employed to provide protection to those who suffer loss or damage caused by uninsured motorists.
Basically, it requires the submission of documents to prove financial responsibility. This may come in the form of a certification that involves one of the following:Operator's Certificate if the motorist is not the owner of the car; Owner's Certificate if the motorist is the owner of the car; Operators-Owners Certificate which covers all cars either owned or not by the motorist. This certificate is normally issued and filed by the insurance company to the Secretary of State.
The process
If you are required to have SR22 Insurance, your first step is to get in touch with an authorized insurance agency to write a SR22 insurance policy. Good to note that there are several sites online where you could refer and ask assistance to expedite your search. Nevertheless, you have to be wary about choosing the insurance company online because some might be scam.
Upon payment of the required fees to your agent, the agent will in turn ask for a certificate from the company's central office. The certificate thereafter will be filled directly to the Secretary of State. Waiting time for the completion of this procedure may be lengthy as it typically takes about thirty days.
Then, you will receive a copy of the SR22 through the insurance company, together with the Secretary's letter. If it is approved, you have to make sure that your SR22 remains active for thirty-six months if you are living in Illinois. Depending on the state that you live in, this time frame could be different.
Minimum Liability Limits
Minimum liability I required for SR22 Insurance. For Illinois, the minimum coverage for a person killed as a result of an accident or disaster is amounting to twenty thousand dollars. For more than one person killed in the mishap, the minimum liability shall be forty thousand dollars. Damage to property should be covered a minimum of fifteen thousand dollars.
The SR-22 Insurance policy must meet the minimum liability requirement for Illinois. The minimum amount of coverage must be issued for at least $20,000 for one person killed or injured, $40,000 for two or more persons killed or injured and $15,000 for property damage.
Who Needs Auto SR22 Insurance?
You may be required to haveAuto SR22 Insurance in case you committed infractions of the law such as driving under the influence of alcohol or prohibited drugs. Likewise if you happened to be involved in a mishap and you are not covered by insurance, you will be required to obtain Auto SR22 Insurance. In addition, people who are convicted three or more times for violation of mandatory insurance should also acquire SR22 Insurance.
In Illinois, presentation of proof of financial responsibility may be waived in favor of out-of-state residents. In order to avail of such waiver, execute an Affidavit that you are not resident of Illinois.
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