What is Minnesota No-Fault Law?
Under Minnesota no-fault law, accident victims are compensated for some basic economic losses, even if they are at fault. According to the Minnesota No-Fault Automobile Insurance Act (Minn. Stat., Sec. 65B.41), insurance companies covering automobile accidents in Minnesota must “provide for a minimum of $40,000 for loss arising out of the injury of any one person, consisting of: (1) $20,000 for medical expense loss arising out of injury to any one person; and (2) a total of $20,000 for income loss, replacement services loss, funeral expense loss [$2,000 limit], survivor’s economic loss, and survivor’s replacement services loss arising out of the injury to any one person” (Minn. Stat. Sec. 65B.44(a)).
The most a car accident victim can recover under Minnesota no-fault law is $40,000. You may have paid for more no-fault coverage.
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