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Minnesota's minimum PIP insurance requirement is $40,000 per person per accident ? $20,000 for medical expenses and $20,000 for nonmedical expenses.
The 12 states that require PIP insurance, also known as personal injury protection, are Delaware, Florida, Hawaii, Kansas, Massachusetts, Michigan, Minnesota, New Jersey, New York, North Dakota, Oregon, and Utah. Eleven of these states are ?no-fault? states.
There are no strict rules for determining a dollar amount for pain and suffering damages. In some cases, pain and suffering are calculated by taking the total amount of economic damages (medical expenses, lost wages, etc.) and multiplying that number by three.
A Jury Verdict Research study found that the median award in Minnesota in personal injury cases is an even $30,000. Minnesota personal injury plaintiffs receive an award in 67 percent of cases that go to trial.
The result of a settlement agreement involves the responsible party paying a certain amount to compensate for the damages caused to the victim.
To get a general idea of settlement, add up the costs in medical bills, damages, and lost wages, and multiply the sum by three. This may be around the amount in the settlement you can receive after a car accident. Compensation for pain and suffering is only given to those who are injured in a car accident.
Rule 26.06(c) is amended to provide expressly for inclusion of preservation of evidence as a subject to be addressed in the discovery plan in every case. This requirement recognizes both the importance of document-preservation issues and the benefits of addressing the issue early in the case.
Average Settlement Figure While exact figures can be challenging to pinpoint due to the factors listed above, research from top sources indicates that minor to moderate injury cases in Minnesota often settle for amounts ranging from $10,000 to $75,000.