Non-Owner’s SR-22 Insurance Florida FL
Reader’s Question:
Is it really possible to be asked to carry SR-22 here in Florida even if you don’t have a car?
Bess
Miami, FL
Yes, Bess, it is possible. An SR-22 makes sure that when you drive a car and if you figure in an accident and you were the one who caused it, you would be able to handle all the expenses that would be needed to cover the damages. When you are required to carry an SR-22, it means that you have been in an accident before and that you were not able to financially cover what you need to cover. It could also mean that your driving record does not look very responsible to the court or the state of Florida.
But even if you have an SR-22, you are still allowed to drive a car. If you are still able to drive a car, there is still a chance of you being in an accident. If you were in this situation, you would need a non-owners SR-22 insurance policy. Non-owners’ SR-22 provides liability insurance. Liability insurance covers the damage you do if you get in an accident and you were the one at fault.
However, if you have a car assigned to you or if there is a car that you drive regularly, you should have regular SR-22. Non-owners SR-22 will only apply if you really don’t have a car that you usually drive.
Tags: liability insurance, non owners insurance, sr22 car insurance
Term Life Insurance For Grand Parents Miami Florida FL
Reader’s Question:
Would it be a good idea to get a term life insurance policy for our grand parents in Miami, Florida?
Gunther
Miami, FL
Term life insurance policies are usually more beneficial for younger people who only looks into a relatively short-period of life insurance coverage, usually they want to give financial security to loved ones in case something happens to them and they leave behind financial obligations like student loans or mortgages. These policies usually expires after about ten or twenty years or can be renewed if the option is available. The reason why your grand parents there in Miami, Florida might not benefit from this kind of life insurance is because by the time their term ends, they may already be too old or have too many medical or health conditions that would make having to renew the policy mean having to pay substantially higher life insurance premiums, given the provider agrees to even renew their policy to begin with.
Your grand parents may find it much practical to go into a whole life or permanent life insurance coverage. Although the premiums may be comparatively higher than a term life policy. Your grand parents are assured that they will have full lifetime insurance coverage that would not subject them to regular medical exams and would pretty much give a stable rate. This kind of policy also usually comes with a cash-value feature where part of their premiums are “saved and grown” and can be used for their future financial needs.
Tags: cheap term life insurance, life insurance rates, life insurance advise