About the Non Owner SR22 Insurance
An SR22 Insurance is a certificate issued by the insurer, and this document stands as a proof for the state that you actually carry the minimum of insurance coverage required. Typically, drivers who have been charged with violations such as DUI or DWI will be required to make proof of this type of insurance. If you physically own the motor vehicle you are driving, you will need to file for owner SR22 Insurance.
However, if you have been charged with any reckless driving violation while driving another person’s car, you will need to file for non owner SR22 Insurance.
A Non Owner SR22 Insurance policy is actually special liability insurance and it is quite different from the owner insurance. For example, if you are driving another person’s car and you cause an accident, the non owner policy will generally offer coverage for the injuries and property damages suffered by the occupants in the other car. Of course, it is important to keep in mind that the insurance covers only up to the policy’s limits.
Quite often, drivers will purchase only the minimum insurance, because they don’t want to pay too much toward rates and premiums. It also happens many times that the coverage within the non owner SR22 Insurance policy is only minimal, and the driver must pay a lot of money out of pocket in order to cover for the damages caused.
With non owner insurance, the policy will not offer coverage for the injuries you suffered in the accident, or for the car damages you caused. This type of insurance should be regarded as liability-only policy, meaning that it covers only for damages and injuries you caused to the other party involved in the accident. You should always pay attention to buy enough insurance, whether you own or you don’t own a car. A driver needs to be prepared for such situations, and make sure that there is enough coverage available on the policy.
In case the other driver is at fault, things are a little different.You will be typically covered up to the limits of the other driver’s insurance policy. However, this is true only for drivers who own insurance; as you may know, there are quite many drivers out there who drive without insurance and then it is impossible for you to obtain coverage for the damages and injuries suffered. SR22 Insurance is an extremely important insurance document, which is used by the insurance provider to inform the DMV about the status of your policy. If there will be any lapse in the coverage (if you don’t pay premiums on-time), the DMV will be informed by the insurance provider, and then you might easily have your driver’s license suspended.
Also, the requirements, terms and conditions but also the regulations vary from one state to the other. This is why it is advisable to talk to your local insurance agent who can give you all the necessary details regarding the non owner SR22 Insurance.