If you are one of the many who have been involved in an accident at any point in your life, you will probably understand that there is a process through which everyone involved in an accident must go. First of all, you will need to call the police. Be very sure that at all times you have proof of insurance in your glove box, because the two things you will have to present to the police are your driver’s license and your proof of insurance card. The office will give you an DMV SR1 form, which you will fill out and send in to the DMV. Let me urge you to take of this step right away. Do not let any time lapse, because failure to file an DMV SR1 form will result in revocation or suspension of your driving privileges.
Following the initial accident report, both drivers must exchange information. This information must include proof of insurance and policy numbers, telephone numbers and other relevant contact information, such as the addresses of all parties involved in the accident. Most accident claims are fairly straightforward, but even so, it is crucial that all parties have proper information in order to satisfy not only state and local laws but also to keep happy all the insurance companies involved. And of course, once again, the DMV SR1 form must be filled out by all involved drivers. This cannot be emphasized enough. Very often, drivers have not provided adequate proof of insurance and this has resulted in loss of their licenses, not to mention the high cost to the other driver for repairs and other expenses.
The SR1 regulation came into being because of abuses by uninsured motorists who failed to cover the costs involved in accidents. Filing an DMV SR1 form demonstrates that you and all parties involved in your accident are acting in good faith and are willing to fulfill their obligations. It takes just a few paltry minutes to fill out this form and send it in and it can save so much trouble! Once the form has been taken care of, you will have to deal with any damage to your vehicle and arrange for a rental car to provide you with a source of transportation while your vehicle is in the repair shop. And then you are all done and all of the formalities have been observed.