Below are some of our frequently asked questions.
If you have any other questions or concerns, please feel free to contact us or call 1-877-677-OHIO (6446).
| What is an SR-22?
An SR-22 is a form issued by an insurance company and used to prove your "Financial Responsibility" to the State Bureau of Motor Vehicles. The SR-22 guarantees to the Bureau of Motor Vehicles that an insurance company has issued at least minimum liability coverage for the person making the filing. The filing also requires that the insurance company notify the BMV if the coverage is cancelled for any reason. This is a way for the BMV to keep tabs on whether or not someone has insurance.
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| What is an SR22 Bond?
The SR22 Bond, also known as Financial Responsibility Bond or FR Bond, is an instrument originally designed by the Ohio Department of Insurance for people who just want the minimum possible protection that will satisfy Ohio's Financial Responsibility laws. The FR Bond covers the individual for their opetration of ANY private passenger vehicle, owned or non-owned. The FR Bond will pay up to $12,500 per person / $25,000 total per accident for bodily injury that you may cause to people in another vehicle or to a pedestrian(s). It will also pay up to $7,500 for any damage that you may do to another person's property.
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| Who does the FR Bond cover?
The FR Bond covers the Named Person Only for any injuries and damages that they are found responsible for while operating ANY private passenger motor vehicle. The FR Bond will pay up to $12,500 per person / $25,000 total per accident for bodily injury that you may cause to people in another vehicle or to a pedestrian(s). It will also pay up to $7,500 for any damage that you may do to another person's property.
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| Does the FR Bond cover my car?
No, the FR Bond will not cover damages to the car that you are driving. It will only cover you for damages that you do WITH the car.
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| Will the FR Bond cover my injuries or those of my passengers?
No, the FR Bond will not cover your injuries or those of your passengers. It will cover injuries that you may cause to people in another vehicle or a pedestrian(s). Injury coverage is available for you and your passengers under a regular liability policy.
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| Are there any options available to add on to the FR Bond?
No, the FR Bond was designed for people who want to "Bottom Line" their coverage and purchase only the minimum protection allowed by the Ohio BMV. If more coverage is desired, a regular liability policy offers many options.
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| How do I check reinstatement requirements?
Go to Ohio BMV website link where you can view your 2 year driving record and your reinstatement requirements.
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| How long does it take to reinstate my driving privileges?
The insurance company will electronically file your SR22 with the Ohio BMV the day that you start your coverage. This is the fastest way to transfer your filing to the BMV. The BMV states that it takes them 1 - 3 business days to record a filing onto your record once it has been received. If you are in a super hurry, the fastest way to reinstate your license is to go directly to a BMV Reinstatement Office with your SR-22/Bond form. They will process your filing right then and you will leave reinstated(if eligible).
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| What paperwork do I need to prove my Financial Responsibility?
We will immediately email you an official copy of your FR Bond Certificate or copy of your SR-22 Filing, a temporary ID Card to carry, and a receipt for your payment.
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| Can I get my driving privileges reinstated today?
Yes, if it is early enough in the day for you to make it to a BMV Reinstatement Office with all of your requirements.
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| Why are your rates so low?
We have been in the SR22/Bond insurance business for over 30 years and we represent many major companies that sell FR Bonds in Ohio. We use our state-of-the-art comparative rating software to track down the lowest possible price for your SR-22 and we do so without adding any Additional Fees.
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| What are Additional Fees?
An Additional Fee is a charge that an agency can add to your down payment that is over and above the amount required by the insurance company to start your policy. These fees range from $15 to over $100 in some instances. In today's market, your down payment should be very close to your monthly payment. Fees are legal in Ohio under certain circumstances but must be fully disclosed as "Agency Fees" and a notice of such must be displayed in plain sight. WE DO NOT CHARGE FEES!
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| Who is SR22 OHIO?
SR22 OHIO is the internet division of Silverman Insurance Agency, Inc. dba Accurate Insurance Agency located in Cleveland Heights, Ohio. Our Ohio Department of Insurance License Number is 24403. We are independent insurance agents, which means that we represent a number of top-rated insurance companies. We have specialized in SR22 Insurance Coverage in Ohio for over 30 years.
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