What Is A Certificate of Financial Responsibility (COFR)

A Certificate of Financial Responsibility (COFR), often referred to as SR-22 insurance, is a document that serves to verify that an individual possesses vehicle insurance meeting the required coverage set by the state for redeeming driving privileges.

This document, while not a form of auto insurance itself, plays a crucial role as it is issued by insurance companies to the state as a means of demonstrating proof of insurance. Its primary function is to ensure that individuals have the necessary insurance coverage as mandated by state laws in order to have their driving privileges reinstated.