Acquiring an SR22 bond is sometimes a necessity for drivers in Ohio. You might be required to get SR22 insurance if you have too many traffic violations, a DUI/DWI, or other issues. Learning more about what is an SR22 bond is essential if you need this coverage. Reaching out to a company specializing in SR22 bonds is always a wise decision in finding the right coverage at a fair price.
What Does an Ohio SR22 Bond Cover?
An SR-22 bond will cover any property damage costs another driver sustains during a car wreck that’s involving you. This bond will cover all of these costs if you are involved in an incident. However, sometimes drivers confuse SR22 as an auto insurance policy, but it’s not. Instead, the state of Ohio views SR22 as another attachment to your car policy that displays proof of financial responsibility.
How Does the SR22 Bond Insurance Process Work?
Understanding how SR22 bond insurance works is important if you are in need of this coverage. In Ohio, SR22 will cover 12.5-25-7.5 if you are involved in an accident. For example, $12,500 bodily injury cover is for one person injured in an accident involving the driver’s vehicle, while $25,000 bodily injury will cover two people involved in an accident. Lastly, $7,500 will cover any property damage. While SR22 insurance will provide full coverage for affected parties, it won’t provide any coverage for yourself. An SR22 bond also doesn’t provide any coverage for medical expenses of the policy owner.
How Quickly Can I Get My SR22 Filed?
Filing for SR22 insurance is a fairly smooth process in the state of Ohio. You can easily process your SR22 bond in only a few minutes by filing online if you already have insurance. However, it can be more difficult for drivers to file for an SR22 if they don’t have insurance. You will need to register the policy on your own before your insurer can choose to file this document on your behalf. Sometimes you may need to visit the BMV to file an SR22 form. Either way, it should be processed within 72 hours. Once an SR22 is filed, drivers will need to follow a set of rules to avoid violations. Not following any one of these rules can lead to a more severe penalty, and it may require you to re-file your SR22 form.
Why is This Something I Need to Take Seriously?
Not taking the SR22 process seriously in Ohio can lead to dire results. For example, the state performs regular checks with motorists to ensure they meet minimum liability coverage. If a driver doesn’t have basic coverage, they can often get their license suspended, and their license plates can get impounded. You may also be dealing with several fines if you don’t have basic insurance coverage. The first offense will result in a 90-day suspension and a $150 fine. A second offense is a one-year suspension and a $300 fine, while a third offense is a two-year suspension and a $650 fine. As you can see, choosing to get basic coverage is essential in avoiding these dire situations.
Getting an Insurance Company
Not all insurance companies offer support for filing an SR22 bond on behalf of their clients. Asking a few different questions and checking out their website can help you determine the services of an insurance provider. Choosing to work with an insurer that offers a simple SR22 filing process is important in making everything much easier. You will also want to partner with an insurance company that offers great deals. While most insurers will label you as a high-risk driver, it’s important to compare all of your options to find the cheapest deals available.
What You Need to Do After Getting an SR22 Bond
You will need to make sure you are in possession of the document for the entire period of your suspension while also keeping up with insurance payments. Failure to meet any of these requirements can cause your policy to lapse and may result in the revocation of your driver’s license. Not committing these mistakes is essential to allowing you to drive legally in Ohio while avoiding costly fines.
Contact SR-22 Bond of Ohio to Learn More Information
SR-22 Bond of Ohio is one of the leaders in offering SR22 bonds for many drivers in Ohio. Our experienced team can help you find the most affordable coverage to meet your needs while staying within your budget. Making sure you get the best coverage available is critical for high-risk drivers. We are also happy to answer all of your questions and discuss the importance of SR22 insurance. Give SR-22 Bond of Ohio a call today to learn what is an SR22 bond!