A new year is upon us. That means it is time to review your auto insurance. Do you have enough insurance to protect you in case of an automobile accident?
Minimum Auto Insurance Requirements In Alaska
The state of Alaska requires drivers carry liability insurance. Alaska law states that drivers carry at least $50,000 of bodily injury coverage per person and $100,000 of bodily injury or Liability coverage per accident. Drivers also must carry $25,000 in property damage protection.
Although Alaska has set minimum levels of auto insurance. Many crashes cause damages exceeding those minimum requirements. For example, a serious crash may result in long-term injuries. These kind of injuries may reduce a victim’s ability to earn a living and limit his or her quality of life. When this occurs, the injured person may need financial help beyond the at-fault driver’s policy limits. My advice is to review your insurance and then buy as much Liability insurance coverage as you can afford.
Increase Your Insurance Protection
ALL Auto Insurance Companies offer insurance coverage beyond Alaska’s requirements. For example, Uninsured (UM), Under-Insured (UIM), Medical Payments and Umbrella Policies. These types of coverage are beyond the minimum and protect you in cases where damages exceed at-fault parties insurance available. Protect yourself and your family. Review your auto insurance and then buy as much Uninsured, Under-Insured and Medical Payment insurance coverage as you can afford. Then ask your agent about an Umbrella Policy.
Proof Of Insurance
Drivers must also carry proof of insurance at all times. Failure to provide proof of insurance may result in a license suspension. Cars may also be impounded for failure to provide proof of insurance. Whether at fault for a crash or not, proof of insurance is a requirement. Drivers who do not have insurance may lose the right to drive in Alaska.
Questions?
If you have questions when you review your auto insurance, call Merdes Law Office: (907)452-5400. Ward Merdes will provide a free review of your current insurance coverages and help you better protect yourself in case of an auto accident.
The Merdes Law Firm has been helping injured Alaskans for more than 30 years. It’s who we are. And while we hope you never need us … We’re here if you do. ~ Ward Merdes
Sources: Alaska Department of Administration; Alaska DMV; Ward Merdes; DMV.org
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