Proof of financial responsibility=insurance?? - Chicagoland Sportbikes
Chicagoland Sportbikes
 
Traffic Violations Advice Corner Got screwed lately? Get advise from others that dealt with it.

 
LinkBack Thread Tools Display Modes
post #1 of 4 (permalink) Old 06-12-2008, 05:43 AM Thread Starter
1 piece at a time
 
hexraptor's Avatar
 
Join Date: May 2006
Location: Woodstock, IL
Posts: 6,316
Location: Woodstock, IL
Sportbike: Ninja ZX-6'DinoSaki'
Years Riding: Since I joined!
How you found us: teh intarwebz
           
Send a message via AIM to hexraptor Send a message via MSN to hexraptor Send a message via Yahoo to hexraptor
Proof of financial responsibility=insurance??

well i'm bored and can't sleep, and have been randomly browsing different things on illinois' and mchenry's websites, and noticed this...

Proof of financial responsibility
(625 ILCS 5/1‑164.5)
Sec. 1‑164.5. Proof of financial responsibility. Proof of ability to respond in damages for any liability thereafter incurred resulting from the ownership, maintenance, use or operation of a motor vehicle for bodily injury to or death of any person in the amount of $20,000, and subject to this limit for any one person injured or killed, in the amount of $40,000 for bodily injury to or death of 2 or more persons in any one accident, and for damage to property in the amount of $15,000 resulting from any one accident. This proof in these amounts shall be furnished for each motor vehicle registered by every person required to furnish this proof.
(Source: P.A. 90‑89, eff. 1‑1‑98.)


So pretty much, as long as you have proof of having $55,000 on you, you dont need to have insurance??

Yes, random question, but i'd like some clarification on that...It never states anything about insurance, only the ability to cough up the cash if needed.

Edit: And i realize that basic coverage (20/40/15) really isn't all that much to cover for someone's injuries

- Steve

Last edited by hexraptor; 06-12-2008 at 05:48 AM.
hexraptor is offline  
Sponsored Links
Advertisement
 
post #2 of 4 (permalink) Old 06-12-2008, 05:46 AM Thread Starter
1 piece at a time
 
hexraptor's Avatar
 
Join Date: May 2006
Location: Woodstock, IL
Posts: 6,316
Location: Woodstock, IL
Sportbike: Ninja ZX-6'DinoSaki'
Years Riding: Since I joined!
How you found us: teh intarwebz
           
Send a message via AIM to hexraptor Send a message via MSN to hexraptor Send a message via Yahoo to hexraptor
Oh, and there are some fuggin wierd/dumb ass laws out there....I should start keeping tabs on all them that I notice.

I can see how lawyers can find loopholes....maybe i shouldve went into law-type stuff right out of high school

- Steve
hexraptor is offline  
post #3 of 4 (permalink) Old 06-12-2008, 11:43 AM
Registered User
 
Thundercat's Avatar
 
Join Date: Apr 2004
Location: glendale hts
Posts: 322
Location: glendale hts
Sportbike: AARRRR1
Years Riding: long
How you found us: net
 
this insurance (sr-22) is very expensive and is mandated by the state after you've fugged up a lot or got caught driving without insurance too many times. hope you dont end up in that boat $$$$$

hope i can hold onto my license this summer
Thundercat is offline  
Sponsored Links
Advertisement
 
post #4 of 4 (permalink) Old 06-12-2008, 01:59 PM
So long San Diego :(
 
Pinto Bean's Avatar
 
Join Date: Apr 2006
Location: Frankfort, IL
Posts: 1,942
Location: Frankfort, IL
Sportbike: '09 Speed Triple
Years Riding: Since 07/01/06
How you found us: Your Mom told me
           
Yeah, I've read that before too...there's some stipulations on it, but there is a way to do it so you don't need to carry liability.

Brandon
2009 Triumph Speed Triple

Kids in back seats cause accidents, Accidents in Back seats cause kids.
Pinto Bean is offline  
Reply

Quick Reply
Message:
Options

Register Now



In order to be able to post messages on the Chicagoland Sportbikes forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.

User Name:
Password
Please enter a password for your user account. Note that passwords are case-sensitive.

Password:


Confirm Password:
Email Address
Please enter a valid email address for yourself.

Email Address:
OR

Log-in










Thread Tools
Show Printable Version Show Printable Version
Email this Page Email this Page
Display Modes
Linear Mode Linear Mode



Posting Rules  
You may post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On
Trackbacks are On
Pingbacks are On
Refbacks are On

 
For the best viewing experience please update your browser to Google Chrome