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  • goldcoastxr

INSURANCE.......means of guaranteeing against loss or harm

Maintain Financial Responsibility----it’s the Law!

Drivers and every owner of a motor vehicle must maintain financial responsibility at all times.

Whenever you drive, carry written evidence of financial responsibility.

There are 4 acceptable types of financial responsibility:

∙Liability insurance policy

∙$35,000 surety bond

∙DMV issued self-insurance certificate; or

∙DMV acknowledgment of a $35,000 cash deposit

Failure to provide DMV with a Traffic Accident Report (SR 1) AND proof of insurance within 10 days of any collision with damage over $1,000, injury or death will result in you drivers license being suspended.

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