Alaska Liability Insurance Requirements: Liability insurance is required in the State of Alaska for all drivers. According to the Alaska Driver Manual, the minimum amount of mandatory liability insurance coverage is $50,000/$100,000 for bodily injury or death and $25,000 for property damage. All drivers are responsible for maintaining minimum insurance coverage.
Insurance Company Requirements
Most insurance companies require insureds to submit a claim as soon as possible after being in an accident. It is important to have as much information as possible to provide to your insurance company to evaluate your claim. Submit scene photos, bills for vehicle towing or medical care, the police report and witness statements. If you experience any memory loss or trouble focusing, refrain from making recorded statements until you are in better health. See your primary health care provider immediately following an accident.
Requirements of the State of Alaska
You must provide proof of insurance to the Division of Motor Vehicles (DMV) within 15 days of being in a serious crash in Alaska. A serious crash involves bodily injury or death to a person, or property damage in excess of $501. Regardless of the crash’s cause, all drivers involved must submit proof of insurance. Even if you didn’t cause the crash you must provide the proof of insurance to the DMV.
The requirement to notify the DMV is in addition to any report given to the police or insurance company. Normally the officer investigating the crash will give a certificate of insurance form to the drivers. The certificate of insurance forms are also available at any DMV office or on the state web page.
Alaska law enforces harsh penalties against drivers without insurance. If you are uninsured, or fail to provide the proof within 15 days, your driver’s license will be suspended for 90 days for a first occurrence and 1 year for a second occurrence.
The penalties for not carrying the minimum insurance are harsh. Protect yourself and others on the road by carrying proper insurance.
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
Source: The State of Alaska Driver Manual; Ward Merdes
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