Definition: The word "insurance with SR22" refers to an insurance policy that includes a specific type of liability insurance coverage for driving in New South Wales, Australia. Insurance with S22 is required by law for drivers who have registered their vehicles in NSW and require insurance on or above a certain level. The main purpose of this type of insurance is to protect the driver from financial loss if an accident occurs while driving. The SR22 policy includes coverage for damage caused to a vehicle, as well as other types of accidents that can occur when driving. The policy also typically covers non-recoverable damages such as medical expenses and property damage. Insurance with S22 is required for all new drivers in NSW who have registered their vehicles and are required to be insured on or above a certain level. It is important for drivers to understand the different types of insurance available, including SR22, so they can choose the best coverage option that suits their needs.
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