SR26 Insurance

Reader’s Question:

What is a sr26 insurance policy? My dad said he has to file one of this to the Department of Motor Vehicles?

James

Miami, FL

An SR26 is a document that is filed by an insurance company with the state Department of Motor Vehicles (DMV) to certify that a driver or vehicle owner has cancelled his insurance policy with them. If the motorist is holding an SR-22, which means that his driving privileges have been previously suspended, the SR-26 shall restrict him from driving an owned or borrowed vehicle anywhere within the state.

The so-called sr26 insurance also serves as a means for the DMV to patrol the various roads and highways of the state for errant motorists, apprehending violators and ensuring that the chances of major accidents occurring are lessened.

An insurance company must file the sr26 insurance electronically as soon as the policy holder lapses on his premium payments or complete cancels his SR-22 policy. By doing so, the DMV can immediately update its records and deploy the information to their field agents. Depending on the area, the filing and acceptance of the SR-26 can be done overnight. Whether the request for the SR-26 is approved, rejected or subjected to further review, the insurance firm shall be informed of the developments by the next day.