In an age where big auto makers are struggling and bankruptcy is the only viable solution, consumers are finding themselves wondering exactly where they stand. If a vehicle owned is made by GM, drivers can breathe a little easier. This member of the Big 3 has agreed to cover some product liability claims that had been in question. The news, however, is not all good.

GM has only agreed to cover product liability claims that are put into action after the company pulls out of bankruptcy. This means those with claims in the system prior to the bankruptcy filing are an uncertain future. Still, this does not mean all hope is lost. Some consumer rights groups are lobbying in hopes of making GM cover existing claims once its restructuring is completed. Legislation is also pending that could force both Chrysler and GM to cover accident victims when product liability is to blame.

Product liability cases arise when accidents or other mishaps arise that involve faulty equipment. In many cases, consumers or accident victims are awarded damages if the liability is proven. Bankruptcy protection can give a company, such as GM, the ability to walk away from such claims without having to pay.

If you have a product liability concern with a GM vehicle or another make, it is best to seek out legal advice before proceeding.