Insurance news

1. No Insurance.

When the DMV discovers that you were convicted of driving without insurance, you will receive, at your last known address, a letter stating that you have 30 days to comply with the SR22 requirement. Failure to do so will suspend your license for three years (a conviction after January 1, 2026, carries a suspension and SR22 requirement for only one year). After that period, you can pay the reinstatement fee to get your license back. You can obtain insurance, submit an SR22 certificate, and avoid suspension. Waiting until after your license gets suspended, you would have to turn in the form and pay the fee.

Manual Auto Insurance Quoting

I recall a day when a prospective client came into my office, sat at my desk, and asked for a quote. I would have to open a manual and write down the figures based on the driver’s gender, age, marital status, and what he claimed was his driving record. Then, in a different section of the manual, I’d look up the model of the car. Most cars were the same price for liability insurance. They differed in cost if the insured wanted full coverage. A factor or symbol would apply based on a scale of 1 to 35. Most cars fell in the 5 to 7 range. A luxury car would fall in the 12 to 15 zone. The higher the number, the more costly the full coverage insurance.

The Big Policy Break Up

 Many insurance companies that offer coverage for recreational vehicles give you two choices. You can either add a motor home to your auto policy or purchase a separate recreational vehicle policy. The same goes for motorcycles. Many homeowner insurers allow you to combine boats, snowmobiles, and other powered equipment with the main property and liability policy to save time and money.

Renting a house, townhome, or apartment just got a little more complicated. Oregon law, since about 2010, requires landlords to request renters' insurance from tenants. A renters' policy covers more than one may expect. Not only does it protect your property, but it also provides liability coverage in case you injure someone else arising from a personal activity.