SR22 Non Owners Insurance

Reader’s Question:

What is an sr22 non owners insurance policy?

Gina

Louisville, KY

Just because you don’t have your own vehicle means you are exempted from getting insurance. Some states require individuals bearing a drivers license to obtain an insurance policy, even if they do not own a vehicle, to assess their capacity to pay for future claims. The sr22 is a document that certifies that you are financially responsible. It provides you with coverage for any future liabilities you may be required to settle.

This is where the sr22 non owners insurance policy comes in.

The sr22 non owners insurance policy protects the driver from any accidents he may figure into when driving a borrowed or rented vehicle. Depending on the coverage limit of the policy you purchased, the SR-22 non owners insurance policy can settle damages to property (of the victim), as well as medical bills due to accident-induced injuries.

However, the policy does not cover damages to the vehicle that the driver was using. Rather, it makes sure that possible damages will not be left unaccounted for by a negligent motorist.

To apply for a sr22 non owners insurance policy, it would be best to check out the website of your state’s DMV to be acquainted with their accredited insurance partners and to assess the policy coverage that is suitable to your needs.