Automobile Insurance Lapse Indiana
Reader’s Question:
Is my car covered if my auto insurance lapses in South Bend, Indiana? How long is it covered for?
Larry
South Bend, IN
With car insurance, there is no grace period. Normally if you do not pay then your car insurance policy will cancel at 12:01 AM of the day listed on your payment notice or expiration date from your automobile insurance carrier. If you do not pay and your car insurance lapses you do not have any insurance coverage. There is no grace period for you to be covered for you to obtain a new car insurance policy or reinstate your insurance policy.
If you let your auto insurance lapse and your insurance company reports this to your state’s Department of Motor Vehicles, which is required in many states, then you can face fines and penalties for disregarding car insurance laws. In most states you need to turn in your license plates and registration if you cancel or have a lapse in car insurance. If you do not do so then your driver’s license and registration can be suspended for a period of time. Some states just require you to pay a fee and show proof of car insurance after a lapse.
Do not let your car insurance lapse in South Bend, Indiana as much as possible. If it does and you are caught driving without car insurance or even worse at-fault in an accident you will face penalties for driving uninsured and be held personally liable for the damages you have caused since you did not have any auto insurance in effect.
Indiana SR22
Q: What is Indiana SR22 insurance and what kind of coverage am I required to have for it?
A: Indiana SR22 is mandatory insurance coverage combined with monthly insurance verification. While it is already required by law that everyone who drives carry at least a minimum amount of liability insurance, for those who have had their licenses suspended, an additional requirement is added in the form of the SR22, which is a form which has to be filed every month with the Department of Motor Vehicles by your car insurance company. If not filed, then your license will be suspended. Indiana SR22 is required for three years after the date of the initial suspension.
As for the insurance requirements involved with Indiana SR22, they are otherwise no different than what is required of any Indiana driver. If you have insurance, the minimum amount you can have and still meet the law’s requirements are twenty five thousand dollars of bodily injury per person with a maximum of fifty thousand per accident, and fifteen thousand dollars for property damage coverage. Car insurance companies suggest you get more than that.
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