What’s the Difference Between Uninsured and Underinsured Vehicle Coverage?

What’s the Difference Between Uninsured and Underinsured Vehicle Coverage?

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.

That’s why uninsured and underinsured coverage is so important.

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?

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Classic Case of Why You Shouldn’t Deal Directly With Insurance Co. After Injury

Classic Case of Why You Shouldn’t Deal Directly With Insurance

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.

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Never Negotiate With Insurance Companies Alone

Never Negotiate With Insurance Companies Alone

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.

Insurance Companies Are All About Profit

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.

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