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Florida Form SR22 is the name of the document that provides verification of required insurance for drivers with suspended licenses. Depending on the circumstances, court-ordered suspensions have different terms for insurance, such as coverage limits, compliance periods, and payment terms. The assigned case number that appears on the Motor Vehicle Report (MVR) corresponds to insurance policies for drivers requiring SR22. Keep in mind that an eligible policy can be a car insurance policy, a motorcycle policy or an operator’s policy where there is no vehicle to be insured.
Uninsured drivers causing accidents property damage only Requires a personal injury protection (PIP) and property damage liability (PDL) policy with limits of $10,000 each. This policy type is paid in full for six months with no cancellation option, has a compliance period of two years, and a case number that starts with 2. When people are injured Bodily injury liability (BIL), by an uninsured driver, is $10,000 per person and $20,000 per accident, plus 10,000 PIP/PDL is required. This policy type is cancellable, and the compliance period is three years. Driver’s license suspension will follow a canceled SR22 insurance policy, unless a new qualified policy replaces the canceled policy.
After policy inception, insurers have up to 15 days to electronically submit (file) the SR22 to the Florida Bureau of Financial Responsibility. The Florida Department of Motor Vehicles (DMV), generally will not reinstate a driver’s license until the electronic filing is received. The whole process is fast and efficient, with the right company, and license reinstatement can be obtained within two days. however, some companies, Will generate a “hard copy” for the policyholder immediately after purchase, and some clerk The license will be reinstated upon in-person presentation of the certificate at local DMV offices. This is the only way the license can be reinstated on the same day the eligible policy is purchased.
Florida Form FR44 replaced Form SR22 in October 2007. DUI drivers only. SR22 filing is only acceptable on Florida insurance policies and a $15.00 filing fee is added to the cost. Multiple SR22s, or FR44 and SR22, are not issued on the same driver. A new FR44 filing will replace an existing SR22 requirement. Form SR26 is used to report a policy that cancels an SR22 filing. From June 30, 2009 all filings must be done electronically by the insurance company on behalf of the policyholder. The old pink forms given to policyholders for physical submission to the DMV are no longer sufficient. All SR22 case numbers begin with one, two or three, indicating different requirements.
Florida SR22 Insurance Facts, accurate and updated, is essential information for insurance agents and policyholders. Remember that SR22 is the mechanism by which proof of insurance is established, and an insurance policy is basically the same with or without SR22. Like any other insurance policy, how much SR22 insurance costs for each driver depends on the varied and detailed information gathered in the quoting process. Here’s one last fact that many policyholders have found very helpful: For a number of reasons a scooter insured on a motorcycle policy costs much less than a qualified auto insurance policy or an operator’s policy that does not insure any vehicles.
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