Negligence Claims Most claims arising from car accidents in Alaska are based on a theory of negligence. That means one of the drivers breached their duty to drive reasonably. The failure to drive reasonably was a substantial factor in the accident, resulting in bodily injury or damages. For example, a driver may be liable for negligence if they drive too fast and crash into another … [Read more...]
Understanding Life Insurance
Discussing life insurance is difficult and sometimes confusing. However, it is important to ensure your family is not left with a financial burden. Life insurance can assist with paying a remaining mortgage, college expenses, replacing income, and for funeral expenses. Understanding Insurance Vocabulary Many life insurance policies use the same terminology regardless of the … [Read more...]
Z – Insurance Requirements Following A Crash
Liability insurance is required in the State of Alaska (SOA) 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 … [Read more...]
Z – Understanding Homeowner Liability Insurance
June is National Homeownership Month to celebrate the benefits of owning a home and spread awareness for homeowners. Owning a home is often thought of as the American dream and is both rewarding and challenging. Understanding the potential liabilities homeowners face is an important part of being a good homeowner. Homeowner Insurance Homeowner insurance includes the … [Read more...]
Understanding Underinsured and Uninsured Motorist Coverage
Uninsured and underinsured motorist coverage protects you if you are in an accident with someone who does not have enough insurance to cover damages. The coverage is something you purchase and allows peace of mind if you are in any accidents. Nationally, around 13% of drivers do not have insurance. That equates to around one in eight drivers, which is a relatively high risk. If you … [Read more...]
Car Insurance Covers Permissive Drivers
If you are in a car crash and the person driving the other vehicle is not insured, you may not be out of luck. Not only can you sue that person directly or file a claim with your own insurance, but the vehicle, if owned by another person, may still have insurance coverage. Car insurance covers the vehicle on the policy and is not specific to the driver. For example, if you lend your … [Read more...]
