How do I Show Proof of Financial Responsibility pursuant to California Vehicle Code §16430 ?
• Proof of California Insurance Proof Certificate. • Cash Deposit. The usual method of showing proof of financial responsibility is to provide a California Insurance Proof Certificate (form SR-22 & SR-1P) from an insurance company authorized to do business in California. The types of coverage on the form Sr-22 & SR-1P are as follows: SR-22 A motor vehicle liability policy may be provided to cover only vehicles registered in your name (owner’s policy), only to vehicles you do not own (operator’s policy) or all vehicles whether you own them or not (broad coverage). This certificate is acceptable for all DMV actions requiring proof of financial responsibility. In sum, there are three types: an owner’s policy, an operator’s policy and broad coverage. SR-1P An automobile liability policy or a liability policy may be provided to cover vehicles with less than four wheels. This certificate is used after an accident without insurance, for negligent operator sanctions per California Vehicle Code
Related Questions
- Ive bought a vehicle and I have liability insurance on another car. What document can I use to show proof of financial responsibility when I transfer title and registration?
- I bought a vehicle and I have liability insurance on another car. What document can I use to show proof of financial responsibility when I transfer title and registration?
- How do I Show Proof of Financial Responsibility pursuant to California Vehicle Code §16430 ?
