Whether you are new in or a long-time resident or frequent visitor in Chicago, Illinois, you will find it quite helpful to have basic knowledge of the laws that run this city. You can always call in your attorney whenever you are on the wrong side of the law, but what if you could have avoided all that drama? Sometimes, all that it would have taken is to do a little studying here and there, right from matters legal to insurance nuggets.
On the latter, one of the quite elusive subjects that most people are ignorant of is SR-22 insurance, which the following will expound on in the most concise way possible.
Is SR22 Insurance, Really?
SR22 is a form from an insurance policy provider like Oxford Auto Insurance to show that, while you have once been a non-conforming insurance policy owner, your insurer ascertains that, recently, you have not been infringing auto insurance regulations. Typically, the local department of motor vehicles will require you to present this form to them, over the time you have it.
For How Long Will You Need to Have the SR22 Insurance?
You will not require keeping the SR22 forever. However, you will need proving up to three years of financial liability, for non-influence-related driving offenses, and up to five years, otherwise. However, these durations and conditions vary from one state to another. Once you serve the period within which the SR-22 is valid, your insurer will cancel it and issue you an SR26, to confirm the expiration of the insurance policy.
Understanding the minute details about SR-22 is very crucial to ensure that you are always on the safe side of the law, advises a renowned, Chicago-based auto insurance expert. Nonetheless, as it is with every other auto insurance, ensure you also have an experienced attorney that you can contact anytime to seek any further clarification.