If you call to set up an insurance policy and are told you need SR22 insurance, your reaction will probably be one of surprise and confusion. This type of insurance is not that widely known by anyone who does not require it. But now that you're one of those people who need SR22, you should know these basic facts:
Why Do You Need SR22 Insurance?
SR22 insurance is not needed by most drivers, but it is something the state may require you to obtain if they feel you are a riskier driver than most.
If you own an older car in pristine condition, then you may qualify for classic, collectible, antique, or vintage car insurance. These types of insurance aren't like traditional car insurance. In many cases, the rates are lower, but the coverage is higher. But there is a reason why you get a break in costs. Most of these types of insurance have very strict restrictions.
Here is more information about what is a classic, collectible, antique, or vintage car and how this type of insurance works.
As a business owner or professional, you should understand the type of business insurance coverage you need to protect your business. As a business owner, you have lots of ways that your business can be at risk of being sued. If you own a business that offers a service to clients instead of a physical product, you should carry professional liability insurance.
1. Professional Liability Insurance Is Different Than General Liability Insurance
Auto insurance premiums are based on many different items. You don't have control over some of these, but others you can change. The following are some of the items that impact your auto insurance premiums.
Age, Gender and Marital Status
The big three that impact your auto insurance and that you have no (or little) control over are your age, gender and marital status. While you might be able to change one or two of these, such momentous decisions generally aren't made just to save a little bit on your auto insurance.
Most people can agree that car insurance is a must. But you don't want to just select any car insurance without giving it much thought. You want to make sure that you choose a great car insurer and choose a policy that meets your individual needs. There are a variety of car insurance options and different coverage levels. You may be feeling confused about what kind of coverage to buy. One common confusion is the difference between comprehensive and collision insurance coverage.