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.
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