FR Bond (SR22 Bond)
Most common type of insurance policy to meet SR22 requirement
Financial Responsibility Bond
Similar to automobile insurance
Minimum state required bodily injury and property damage liability coverage
No one else who operates your vehicle is covered by your FR bond.
Does not pay for injuries to you
Does not cover damages to your vehicle
SR22 documentation
SR22 electronically filed with the BMV
You can provide the document to the BMV in person for faster implementation
Liability auto insurance
Basic Coverage Insurance
Protects you if you're at fault for an accident
Bodily injury liability
Property damage liability
Covers injury or damage to property of person you hit
Doesn't cover injuries to you or damage to your property
Can attach SR22
full coverage auto insurance
Comprehensive and Collision
Policy includes Bodily Injury and Property Damage Liability
Protects you if you are at fault for an accident
Protects you if your vehicle is damaged, even if you're not in a crash
Covers injury or damage to property of person you hit
Covers damage to your property
Required if there is a loan on your vehicle
Can attach SR22
Additional and Optional Auto insurance Coverages
Uninsured Motorist - Protects you if person who hits you does not have insurance
Underinsured Motorist - Protects you if person who hits you does not have enough coverage
Medical Payments - Protects you if you and/or your passengers are hurt in an accident
Towing - Towing reimbursement in case of an accident
Rental - Cover the cost of renting a car if your vehicle is being repaired because of an accident
Renters (apartment) insurance
Protect your valuables against fire, theft, and vandalism
Personal Liability
Coverage for additional living expenses
Usually required if living at an apartment complex
Homeowners insurance
Form of property insurance
Covers losses and damages to an individual's house
Covers losses and damages to assets in the home
Motorcycle insurance
Just like car insurance...
Liability
Comp and coll
Uninsured/underinsured
Medical payments
Towing
And More...
Commercial vehicle insurance
Just like car insurance but for your business vehicle...
Liability
Comp and coll
Uninsured/underinsured
Medical payments
Towing
And More...