What is High Risk SR-22 financial responsibility insurance?
An SR-22 insurance policy is a rider to a high risk auto insurance policy. It is a guarantee, by the insurance company, that the driver has and will keep in effect at least the very basic mandatory liability insurance for a specific period of time. It is a mechanism for the State of Alabama to monitor the driver’s responsibility to obtain and maintain an SR-22 insurance policy. Not all insurance companies can or will provide SR-22 insurance coverage. How can an operator reinstate a suspended license? To comply with the State of Alabama’s requirement, a simple remedy would be to purchase liability insurance utilizing the Alabama minimum requirements in filing an SR-22 high risk auto insurance form with the State DMV. These policies may be one of two types: An owner policy – an insurance policy that provides liability coverage for the owner’s personal vehicle will be described in the insurance Declaration sheet. It can also be written and issued with collision and comprehensive coverage.
