3 Things To Know About Non-Owner SR22 Insurance Coverage
SR22 insurance coverage is often necessary after being convicted of a DUI or any other type of serious driving violation. When it is needed, you must get it, and this is necessary even if you do not currently own a vehicle. The type of coverage you would need is called non-owner SR22 insurance, and this type is specifically designed for people that do not own vehicles. Here are three important things you should know about non-owner coverage if you are told you need SR22 insurance.
You Need Non-Owner Coverage If You Do Not Own A Car
SR22 insurance is designed to offer a way for a person to keep his or her driver's license after one or more major driving violations occur. This coverage requires an insurance company to notify a person's local DMV when coverage is obtained and when it is cancelled or has lapsed. An insurance company takes on this responsibility when they provide SR22 coverage to a person.
The key thing to realize is that you will have to get coverage whether you own a car or not. This may seem strange, but it is the law. If you do not own a car, the policy will be considered a non-owner SR22 insurance policy, and it will cover damages you cause if you borrow someone's vehicle and cause an accident to happen.
If you fail to get coverage and cause an accident in someone's car, you may end up losing your driving privileges forever or for a very long time. You may also end up responsible for paying the damages you caused to someone else during the accident.
The Coverage Only Kicks In After Owner Coverage Pays
When you purchase an SR22 non-owner policy, you will not be insuring a specific car, but you will be insuring yourself and any car you may end up driving. If you are in an accident while driving a friend's car and are at-fault for the accident, your friend's insurance would be used first to pay for the damages.
If your friend's insurance did not cover the accident, or if there was not a sufficient amount of insurance, your SR22 insurance would then kick in and cover the rest. Your personal SR22 policy would only be used if necessary.
You Can Convert The Policy
The third thing to realize is that you can always convert a non-owner SR22 policy to a regular type of SR22 policy if needed. This is something you would have to do if you purchased a car. As soon as you buy a car, you would need to convert the policy in order to have insurance on the vehicle you bought. To convert the policy, you would have to call your insurance company and let them know of this change.
Keep in mind that your premiums may increase if you make this change. Going from a non-owner policy to an owner policy has premium increases because you are now insuring a vehicle, whereas you were not insuring one with a non-owner policy.
The other thing to be aware of is that you cannot allow your policy to lapse at any time, even if you are converting from one type of policy to another. SR22 insurance typically requires having three years of coverage without a break in between. In other words, if you allow the policy to lapse, you will probably be required to start the three-year term over once you obtain coverage after a lapse occurred.
Insurance is something every driver needs, and having SR22 insurance is a necessity for some. If you are required to get this type of coverage, you can call an auto insurance company in your area to find out more information. Check out sires like http://www.greatnortherninsuranceagency.com for more information.