What is No-Fault Arbitration?
Under Minnesota law, car accident disputes between an injured person and an insurance company should be resolved by mandatory arbitration if the case seeks less than $10,000 in damages on the date the lawsuit is filed. If the case seeks less than $10,000 in damages at the time of filing, an unlimited amount of post-filing claims can be added while still staying under the maximum limit. The Schmidt Salita Law Team has handled cases where the claim was as high as $60-$70,000 because of the accrual of post-filing claims.
The American Arbitration Association has been designated by the Minnesota Supreme Court as the administrator of Minnesota no-fault arbitration proceedings. The arbitrator is selected from a list of attorneys appointed by the Minnesota Supreme Court, under a selection process specified by the rules of arbitration governing Minnesota no-fault disputes.
Main Benefits of No-Faults Arbitration
There are many benefits of using no-fault arbitration. We’ve outlined some below:
- Arbitration is far less expensive than the other alternative, which is filing a lawsuit in District Court.
- Arbitration hearings are shorter than going to trial and can typically be conducted in a one-half-day proceeding. On the flip side, District Court jury trials last anywhere from 2-4 days.
- The rules of evidence are far more user-friendly in arbitration. For example, medical reports and records are admitted into evidence for arbitration, whereas the testimony of the doctors is required in District Court.
The American Arbitration Association reported that in 2016, 5,792 cases were filed for no-fault arbitration. Of that number, 54% of all cases proceeded all the way through arbitration and to a final award. Conversely, 37% settled prior to the arbitration hearing. The median number of days it takes to go from the lawsuit filing date to the filing of a damages award is 183 days.
The Schmidt Salita Law Team has over 70 years of experience in successfully representing the victims of car accidents in both District Court claims and no-fault arbitrations. Senior trial lawyer Douglas Schmidt was one of the first attorneys appointed by the Minnesota Supreme Court to serve on the committee that established the first set of rules for no-fault arbitration in Minnesota. Mr. Schmidt served as the draftsman of the first, second, and third editions of these rules. For nearly 20 years he served, by appointment of the Minnesota Supreme Court, as an arbitrator. Since then it is estimated that Mr. Schmidt has won nearly 2,000 cases – and therefore 2,000 successful awards – for his clients. He is recognized as the Leading Minnesota No-Fault Lawyer. He has been asked by the Minnesota Trial Lawyers Association and the Minnesota Association of Justice to lecture on the subject of Minnesota No-Fault Law and has authored numerous articles on the subject in legal publications.
The members of the Schmidt Salita Law Team are happy to meet with the victims of personal injury and or wrongful death to explain their rights under both the Minnesota No-Fault Insurance system and under the “at-fault” system as well.
Contingent Fee Arrangements Available
The Car Accident Lawyers at the Schmidt Salita Law Team understand that the victims of personal injury are often dealing with financial issues due to medical bills, car damage, and lost wages and earnings. Most do not have the financial resources to pay for a lawyer on an hourly basis – especially for a really good lawyer. The answer to this dilemma is the contingent fee contract where the lawyer doesn’t get paid by the hour. Instead, the lawyer gets paid on a “commission basis” like a real estate agent, as a percentage of the settlement produced. The Schmidt Salita Law Team offers contingent fee contracts in most cases.
“PERSONAL INJURY LEGAL SERVICES WITH A PERSONAL TOUCH!”
A Schmidt Salita Car Accident Lawyer will come to your home, or the hospital, for your initial visit. The Schmidt Salita Law Team strives to provide personal injury legal services with a personal touch to help the victims of personal injury through a very difficult time in their lives. Contact us today for a free consultation of your case.