Mandatory Insurance (Chapter 13)¶
TL;DR
Insurance proves financial responsibility; avoid lapses and keep proof handy—post-incident documentation helps claims.
Scope¶
Foundations of financial responsibility, insurance proof, lapses, and incident handling. Verify Missouri minimum coverage figures.
Learning Objectives¶
- Understand purpose of mandatory insurance.
- Recognize consequences of lapses.
- Know basic post-incident documentation needs.
- Implement strategies to maintain continuous coverage.
1. Financial Responsibility¶
Insurance provides liability protection; required minimums ensure base compensation capability (confirm actual limits in official materials).
Visual: Basic coverage components¶
2. Proof of Insurance¶
Carry physical or digital card; must present during traffic stops, registration, certain crashes.
3. Lapses & Consequences¶
- Possible fines.
- Registration or license impacts.
- Increased future premiums.
4. Maintaining Coverage¶
- Automatic payment setup.
- Promptly update address or vehicle changes.
- Periodic policy review for adequate limits.
5. After an Incident¶
- Ensure safety, exchange information.
- Document: time, location, conditions.
- Contact insurer promptly.
Quick Self-Check¶
- Why is liability coverage mandated?
- What happens if coverage lapses?
- Why document incident details?
Proceed to quiz.
3 things to remember¶
- Minimums set a floor, not a ceiling—limits can be increased for protection.
- Address/payment updates prevent accidental lapses.
- After a crash: ensure safety, exchange info, document details, notify insurer.