*While this story is still developing, it is being reported that if you are one of the unfortunate families that had a death occur due to the result of the ignition switch defect that led to widespread recalls, an announcement made today by GM fund administrator, Kenneth Feinberg, says the corporation has offered to pay at least $1 million compensation to your family for your loss.
According to NBC News, GM has linked 13 deaths to the flawed ignition switches, though federal regulators have said there is a strong chance that the part is to blame for more fatalities. Claims can be submitted beginning Aug. 1. Here’s how the fund’s protocol breaks down.
- There’s no cap under the plan for victim compensation regarding people who were killed or injured in recalled vehicles.
- If the airbag deployed in an accident, the vehicle is not eligible for a claim.
- Compensation isn’t just for the driver: passengers, pedestrians or occupants of a second vehicle might be eligible for a claim.
- The test for eligibility will be “was the ignition switch defect a proximate cause of the accident,” Feinberg said at a press conference.
- The two priority categories of victims include individual deaths and catastrophic injury claims.
Cars under the GM banner include Cadillac, GMC, Chevrolet, and Buick – which currently has an aggressive advertising campaign on the air celebrating its “new look.”