If you've been involved in certain driving violations or accidents, you may have heard the term "SR-22 insurance" mentioned. This type of insurance is required in certain situations, but what exactly is it and how does it work? In this blog post, we'll explore the basics of SR-22 insurance, including its purpose, cost, and requirements. What is SR-22 Insurance? SR-22 insurance, also known as a Certificate of Financial Responsibility, is a type of auto insurance policy that is required in certain situations. Specifically, it is required for drivers who have been deemed "high-risk" due to their driving record. This could include drivers who have been convicted of DUI or other serious traffic violations, or those who have been involved in accidents without proper insurance coverage. The purpose of SR-22 insurance is to ensure that these high-risk drivers are financially responsible in the event of future accidents or incidents. It requires the driver's ins
FDIC Insurance: How it Works and What You Need to Know If you're like most people, you work hard to save money for your future. You may put your money in a savings account or other type of deposit account at a bank. While you want your money to grow and earn interest, you also want to make sure it's protected. That's where FDIC insurance comes in. What is FDIC Insurance? FDIC insurance is a type of protection that is offered by the Federal Deposit Insurance Corporation (FDIC) to depositors at banks. It is designed to protect your deposits in case the bank fails or goes out of business. FDIC insurance covers deposits in checking accounts, savings accounts, money market accounts, and certificates of deposit (CDs) up to a certain limit. The limit is currently $250,000 per depositor, per insured bank. This means that if you have more than $250,000 in deposits at one bank, the excess amount may not be covered by FDIC insurance. FDIC Insurance on Joint Accounts FDIC insurance als