By learning more about the SR22 bond obligations and its role in the insurance industry, you can make the right choices for your coverage needs and ensure you’re fulfilling all of your obligations under the law. Our team at SR22 Bond of Ohio can guide you in choosing your SR22 bond and in this latest post, we’ll explain our answers to common questions about the subject.
Is an SR22 bond insurance?
SRR bonds are often referred to as “SR 22 insurance” but this isn’t completely accurate as an SR22 bond is not really a form of coverage but a proof of insurance that the government requires.
Who needs an SR22?
There are many individuals who will require an SR22 document in order to legally drive. For example, those that have been convicted of a DUI offense will need an SR22 bond in order to continue to drive for the years ahead. Those who have been convicted of driving without insurance will also likely require an SR22 to drive. Many drivers who have a significant number of points on their record are also required to buy an SR22 bond. It’s important that you consult with your insurance company directly to find out if an SR22 bond is required in your case.
How long do I need to maintain an SR22?
In most cases, the SR22 is required for a minimum of three years. And this means that you must pay the bond with your insurance throughout this three year period. If you miss a payment and fall out of compliance with the SR22 bond, you will have to begin the bond period again and undertake three more years of payments.
How much does an SR22 bond cost?
The cost for an SR22 bond varies depending on the state, the person and their insurance company. If you want to get a quote for your SR22 bond, you must work with your insurance company to go over the coverage details. Make sure you have all the required documentation with you and get proof of the quote from the company.Our team at SR22 Bond of Ohio is here to help you get back on the road. To discover more about the SR22 bond, call us today.