When you consider the car insurance, you must always remember that buying a car may be cheap, but owning one is expensive. Insurance premiums may be well over $ 1000 each year. In addition, it is illegal to drive without insurance. This is where insurance companies come into play. You must confirm whether you're protected by liability insurance. If you hit someone, the damage to your load can be very high.
InChicago, if you injure or kill a person, the liability insurance minimum coverage is $ 20,000, $ 40,000 to hurt or kill more than one person and $ 15,000 for damage to property of others. random computer checks, issuing traffic tickets, and reports on the implementation of accident insurance.
In Chicago, the penalties include a fine of $ 500 minimum traffic to drive a car without insurance for the first offense. Beyond that you can lose your licensefor two months, a fine of $ 100 to get your license reinstated and will impose a minimum of $ 1,000 for driving with suspended plates if you are caught.
Chicago players should have an SR-22 certificate issued by an insurance company which is filed with the Secretary of State. It covers motorists driving is not theirs. If the motorist does not own a vehicle, the required financial responsibility may be provided by Operator's Certificate.
Ownership Certificate coversUsed vehicle by the driver. The vehicle type shall be indicated on the SR-22 or may be issued for "All owned vehicles." Owner-operators certificate covers all vehicles owned or not owned by the pilot.
Financial responsibility insurance (SR-22) is the mechanism for monitoring the insurance of problem drivers and to authorize the Secretary of State to suspend in case of cancellation (SR-26) or expiration . With the help of SR-22 and SR-26 process, the insurance mandate is madeand applied in the most effective.
An SR-22 can be obtained by contacting an insurance company that is licensed to write SR-22 policies. The agency receives the insurance payment and the agent makes an application for a certificate of SR-22 to the central office. Now, the certificate will be sent directly to the Secretary of State. This process can consume 30 days. By accepting, you will receive a copy of the SR-22 from the insurance company and a letter ofSecretary of State.
