In managing your coverage requirements, it’s imperative you consider the consequences of multiple driving infractions. In some cases, you will be deemed a high-risk driver in the state of Ohio and this will require you to buy SR22 insurance. Within this latest post, we’ll explain why the SR22 bond is the best option if you have a suspended license.
Why an SR22 is required
Also known as a certification of financial responsibility, an SR22 Bond verifies the purchase of insurance required by the State of Ohio for the reinstatement of driving privileges. The SR22 bond is usually required for those who have multiple driving infractions on their record. The insurance company usually charges a fee for issuing an SR22 bond on behalf of the Ohio driver. In some cases, additional fees may be charged by the state depending on the factors of the individual case.
The terms of the SR22
Usually, the terms of the SR22 will involve some form of extended insurance payment for a period of three years. If the insurance lapses during these three years, the insurance company is required by law to notify the Department of Motor Vehicles office. The license will be suspended until the insurance has been reinstated. And the lapse of the policy may require you to begin the SR22 insurance period again. This means if your insurance lapses within one year of your SR22 bond beginning, you will still be required to complete a further three years of SR22 insurance.
How can I best protect my driving privileges?
Protecting your driving privileges involves working with a qualified SR22 bond company to build a policy that suits your requirements for the SR22 process. Specialists such as our team at SR22 Bond of Ohio can help you manage your insurance policy and provide you an affordable option through which to secure your access to your vehicle and to your ability to drive for the SR22 bond period.