Alaska Car Accident Loans

Alaska car accident loans from Prime Case Funding are used to pay immediate expenses or they can be used for any personal purpose.  Auto accident cases can take months to resolve.  And in many cases- they can take years to finally settle.  

Many people have a use for their settlement and with pre-settlement funding they can receive a portion of that settlement before their case actually settles.  

what is the average settlement for a car accident in Alaska?

Alaska Car Insurance Laws

Alaska’s mandatory minimum insurance requirements include liability coverage of:

  • $50,000 for the injury or death of one person (yourself, a passenger, another driver, pedestrian, etc.)
  • $100,000 for the injury or death of more than one person in a single accident
  • $25,000 for property damage

What is the Typical Compensation for Car Accidents in Alaska?

It’s essential to note that compensation amounts can greatly differ based on the specifics of each incident. A simple scratch on a stationary vehicle might result in a smaller compensation compared to a severe incident involving a driver under the influence causing harm to multiple individuals.

To ascertain a just compensation for an incident, involved parties and their legal representatives would typically evaluate:

– The extent of insurance coverage (insurers typically won’t exceed policy limits)
– Costs related to car repairs
– Medical expenses (both past and anticipated)
– Emotional distress and physical pain
– Earnings lost due to inability to work

What is the Time-frame to Initiate a Car Accident Lawsuit in Alaska?

Every state, including Alaska, sets a specific time-frame for initiating a legal action after a car accident. In Alaska, you are granted two years from the incident’s date to commence your lawsuit. This time-frame is upheld even if there’s an ongoing claim process with an insurance provider. Therefore, consulting a legal professional is advisable to ensure that you can still pursue a lawsuit if necessary.