Indiana Non Owner SR22 Question

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Reader’s Question:

I would like to know if a non-owner sr22 policy will work for me.

Aby

Indianapolis, IN

Thanks for asking, Aby.

You need to understand that an SR22 non-owner or named-operator liability policy is insurance on you for any vehicles you operate which is not yours. Normally, this type of liability policy is usually written with a state’s minimum coverage limits. It normally covers other drivers or property and not your own. If you were in an accident that was your fault, the liability insurance would normally cover only the injury to or property damage of others which occurred as a result of the accident. Take not that this insurance would not pay to fix the car you were driving nor your own injury.

So why is an SR22 filing needed? It can be attached to a NON-OWNER policy to satisfy the state’s requirements for license release. As such is the only option if you do not own a vehicle.

If you own a vehicle, you can still use the NON-OWNER policy to satisfy the state requirement before you may retrieve your license. Therefore, any insurance you would purchase in this case would have little chance of being used since its main purpose is discretion. Bear in mind that you can use a NON-OWNER policy to satisfy the state requirements and keep your existing insurance in place. There is no communication between the two insurance companies, and one policy will certainly not affect the other. You can keep the non-owner policy in force until the state’s time requirement is completed. Eventually you can cancel it and continue with your original, unaffected insurance.

The term NON-OWNER policy actually refers to the fact that there is no vehicle insured on it. It doesn’t really mean that you don’t own a vehicle or insure one on another policy.