Under the Minnesota No Fault Automobile Insurance Act, insurance companies must provide a minimum of $40,000 for loss arising out of the injury of any one person. This consists of $20,000 for medical expenses as well as $20,000 for income loss, economic loss, etc. For serious accidents that result in death, there are survivor benefits available to help those left behind with funeral expenses and loss of earnings.
Minnesota’s No-Fault insurance is intended to compensate drivers and passengers who are the victims of auto accidents. The no-fault insurance coverage provides for medical treatment of the driver and passengers. If another driver is at fault in an accident, personal injury costs that exceed the required coverage amount may be sought through the at-fault driver’s liability coverage insurance company. Claims against an at-fault driver’s liability coverage may also include vehicle repairs necessary as a result of the accident.
The Minnesota No-Fault Act not only protects the innocent victims of automobile accidents, it also provides important benefits to those who are at fault for the accident. When you think about the possibility of someone you know causing an accident due to mere inattention, inexperience or just bad luck, you can appreciate the safety net that is in place. The Minnesota No-Fault Act ensures they too can get good medical treatment and maintain a base income while they are unable to work.
In the case of an accident with an uninsured (UM) or underinsured motorist (UIM) in Minnesota, drivers and passengers may collect from underinsured PIP coverage, which is also required in the state.
Below are the minimum insurance payout requirements for personal injury (no-fault) coverage in Minnesota:
- PIP of $40,000 per person, per accident
- At least $20,000 of it is for medical and hospital expenses
- At least $20,000 of it is for other, non-medical expenses such as lost wages
By ensuring they have the minimum required insurance coverage for their registered vehicles, Minnesota drivers may minimize their own liability, and be sure that all of those involved in vehicle accidents receive the necessary medical treatment and compensation for lost wages.
However, Minnesota’s no-fault law does not cover compensation for pain and suffering. Victims who have been injured in a motor vehicle accident must seek compensation for pain and suffering from the at-fault driver’s insurance company. Pain and suffering includes money for physical pain, emotional distress, disability and disfigurement.
If you are injured in a car crash you should contact our Minneapolis Personal Injury Lawyer office today.
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