Arkansas Accident Policy
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How to fill out Accident Policy?
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FAQ
HOW LONG CAN THE INSURER TAKE? IMPORTANT: The above information is a guide to the timeframes under the Code. The insurer has 45 days from the date you stated you had a complaint/dispute to respond or resolve it.
Arkansas is an at fault state. This means that the person responsible for the accident is also responsible for the damages they have caused. An at-fault insurance policy will cover damages and injuries to the victims of the car accident.
Currently, ten states have no pay, no play laws on the books: Alaska, California, Iowa, Kansas, Louisiana, Michigan, New Jersey, North Dakota, Oklahoma, and Oregon.
Arkansas is a tort state, which means the at-fault driver in an accident uses their liability insurance to pay for other people's medical bills and repair expenses up to the limits of the policy.
Arkansas is an At-Fault state. That means the person who causes a car accident is financially liable for paying back any and all victims the full amount of compensation that they deserve. Most often this process is handled by insurance companies and results in payouts to victims directly from these insurance policies.
Generally, the money an insurance company receives in premiums goes into investment accounts that generate interest. The insurance company retains this money until the time they pay out to a policyholder, so an insurance company may delay a payout to secure as much interest revenue as possible.
Even if your accident is considered a fender bender, you must call 911 and report the accident to the police. A police report is invaluable after any crash.
Specifically, Arkansas law states that, if you are in an accident, no fault coverage is available to you, members of your family in the car, the other driver, and anyone else injured in the accident, regardless of fault.
Insurance companies in Arkansas have 45 working days to settle a claim after it is filed. Arkansas insurance companies also have specific timeframes in which they must acknowledge the claim and then decide whether or not to accept it, before paying out the final settlement.
