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SR22 Coverage - The Insurance Stops

What to Do If Your SR22 Coverage Lapses

KEY TAKEAWAYS:

  • Here’s what to do if your SR22 coverage lapses: 
    • Immediate Action: Contact your insurance company as soon as you realize the lapse.
    • Reinstatement: Try to reinstate your policy promptly to avoid additional penalties.
    • Shop Around: If necessary, look for new insurance providers for better rates.
    • Understand State Requirements: Be aware of your state’s specific SR22 requirements.
    • Renewal Reminders: Set reminders to ensure timely premium payments and avoid future lapses.
    • Maintain Safe Driving: Keep a clean driving record to prevent future SR22 filings.

 

Sr22 Coverage - The Insurance Stops
Sr22 Coverage – The Insurance Stops

So, you’ve found yourself needing SR22 coverage, and now you’re facing the daunting prospect of a lapse in insurance coverage. First off, take a deep breath. It’s not the end of the world, but it’s definitely something you need to address quickly. Let’s break down what happens when your SR22 coverage lapses and what steps you can take to get back on track.

 

What Happens When Your SR22 Coverage Lapses?

When you have an SR22 requirement, it’s crucial to maintain continuous insurance coverage. The SR22 is essentially a form your insurance company files with the state, certifying that you have the minimum required liability insurance. If your policy lapses, the insurance company is required to notify the state immediately. This can lead to several consequences:

  1. License Suspension: The most immediate effect is that your driver’s license can be suspended again. States require SR22s as proof that you’re maintaining the necessary insurance coverage, and without it, they’ll assume you’re driving uninsured.
  2. Fines and Penalties: You might be subject to additional fines or penalties from the state for not maintaining your SR22 insurance.
  3. Longer SR-22 Requirement: If your insurance lapses, the state may extend the period you’re required to maintain an SR22 filing. So, instead of getting out from under this requirement sooner, you’ll have to deal with it for an even longer period.
  4. Increased Insurance Rates: Insurance companies view lapses in coverage as a red flag. If your SR22 lapses, you may face higher premiums when you reapply for insurance.

 

Steps to Take If Your SR22 Coverage Lapses

1. Contact Your Insurance Company Immediately

As soon as you realize your SR22 insurance has lapsed, contact your insurance company. Some insurers offer a grace period, and if you act quickly, you might be able to reinstate your policy without the lapse being reported to the state.

2. Reinstate Your Policy

If your policy has been canceled and the lapse has already been reported, you’ll need to reinstate your SR22 coverage. This may involve paying past-due premiums, any applicable fees, and possibly facing higher premiums moving forward.

3. Shop Around for a New Policy

If reinstating your policy isn’t an option, or if the new premiums are prohibitively expensive, it might be time to shop around. Different insurance companies have different policies and rates for SR22 coverage, so getting quotes from multiple providers can help you find a more affordable option.

4. Understand Your State’s Requirements

Each state has different requirements for SR22 insurance. Make sure you understand what is required of you, so you can avoid future lapses. This includes knowing how long you need to maintain the SR22 and what to do if you move to a different state.

5. Keep an Eye on Renewal Dates

Set reminders for when your insurance is due for renewal. This can prevent future lapses and the headaches that come with them. Many people find it helpful to set up automatic payments to ensure their premiums are always paid on time.

6. Maintain a Safe Driving Record

One of the best ways to avoid the complications of SR22 insurance in the future is to maintain a clean driving record. Avoid traffic violations, DUIs, and any other incidents that could require you to file an SR22 again.

 

Speak with Our SR22 Insurance Specialists Today

A lapse in SR22 coverage is a serious matter, but it’s something you can recover from with quick action and careful planning. Whether it means reinstating your current policy or finding a new provider, getting back on track is essential to maintaining your driving privileges and avoiding further penalties.

If you find yourself in need of SR22 insurance or have questions about your current policy, don’t hesitate to reach out to The Insurance Stops. Our team of experts is here to help you navigate the complexities of SR22 insurance and ensure you stay covered. Contact us today to discuss your options and get the coverage you need!

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