Here in Alaska, all vehicle owners are required to secure insurance. While the minimum requirements for auto insurance coverage are $50,000/$100,000 for bodily injury or death and $25,000 for property damage, the sad truth is that not all drivers will have insurance.
If a driver with no insurance or not enough insurance injured you, would you have any other way to cover the associated medical bills and property damage costs?
We’ve warned our readers numerous times about not accepting lowball offers from insurance companies after being injured because of someone else’s negligence.
In this issue, we have a perfect example of a victim who – wisely – rejected a $18,000 payoff from an insurance company, and went on to win an $1.8 million judgment against them.
Whether you’re recovering from an automobile accident caused by another driver or a slip-and-fall due to a wet surface, you should never be in a hurry to accept a settlement offer without first talking with an attorney. In this article, we’ll talk about the myriad of reasons why.
The slick marketing materials and commercials insurance companies distribute make them sound like very concerned people who only want to help. The reality is that insurance companies are businesses – huge, multi-billion dollar businesses – with priority number one being their bottom line.