Handyman Insurance Compliance In Missouri
Handyman Insurance Compliance In Missouri: Like almost any state, the requirements in the Show Me State mandate that all drivers and vehicle owners need to be financially responsible for any traffic accident that they may cause. Financial responsibility must be provided in order to register a vehicle in MO and also to renew license plates. Not only do motorists need to keep coverage active at all times, but proof of auto insurance needs to be kept available at all times. This proof of financial responsibility will be needed if stopped by a law enforcement officer during a routine traffic stop or if involved in an accident; failure to carry such documentation can result in a fine.
Although other means of proving financial responsibility are available, most choose to purchase a Missouri car insurance policy. Doing so means that the motorist must buy a policy consisting of at least liability limits of no less than $25,000 for bodily injury to one person, $50,000 for bodily injury per accident and $10,000 for property damage. In addition, a vehicle owner must also purchase uninsured motorist coverage in the amount of $25,000 for bodily injury to one person and $50,000 per accident. The reason that most Missourians decide to buy automobile policies is because the alternative would be to deposit a large sum with the Department of Revenue in the amount of $60,000 or acquire a real estate bond and deposit it with the department.
Complying With MO Insurance Requirements
It is in the best interest of a MO resident to comply with the financial responsibility laws of the Show Me State to avoid any sort of citation and carry proof of auto insurance at all times. Drivers caught without an automobile policy by law enforcement officer may be cited and can lead to penalties that should have been avoided by maintaining coverage. A conviction of “failing to show proof of insurance,” can lead to a four point assessment to a driver’s record, and an order of supervision can be ordered which means that failure to keep coverage current can result in the suspension of driving privileges.
Missourians may only be mandated to maintain liability coverage to be within compliance with state laws to cover injuries or damages sustained by a third party, the Missouri Department of Revenue reports that there are thousands of motorists who are involved in accidents who do not have the proper coverage required by the state. This means that all of the other law abiding citizens who pay for automobile policies may have to pay higher rates for coverage to make up for the void of premiums that are not being paid and subsequently compensate for losses suffered by insurers. It is never worth the risk to drive uninsured and motorists should take it upon themselves to ensure that they are protected at all times.