General Motors has allocated about $400 million to pay out as compensation to victims of auto accidents caused by faulty ignition switches in GM vehicles, according to Reuters. Late this month, the GM fund made its very first payout offers to about 15 people.
Reuters says the fund will compensate people who were injured or killed in accidents caused by the defective ignition switches. It will pay $1 million or more for every death claim. That amount would be even higher if the deceased has dependents. The compensation fund will continue taking applications for compensation through the end of the year. The number of claims filed is over 850 now.
Getting in a serious auto accident has the ability to disrupt your entire life and livelihood. An experienced and aggressive accident lawyer can fight to pursue compensation on your behalf for things including:
- Lost wages
- Medical bills
- Pain and suffering
When someone else’s carelessness causes the accident that injures you, you should not have to deal with the fallout of your injury while the responsible party is not held accountable.