Lost wages for car accident injuries primarily cover the money you would have normally gotten from work if you weren’t injured in an accident. These are essentially the wages you are unable to earn due to your injury.
For example, say that you got into a vehicle collision and sustained severe injuries resulting in a broken leg. You are unable to work for 3 months until you recover enough to return to work.
During that 3 month absence, you are not receiving the money you would have if you never got into that accident. However, you are entitled to 3 months’ worth of wages if your car insurance policy decides to cover those lost wages. Lost income may include:
If you have any questions in regards to lost wages caused by a car accident or would like to schedule a free consultation, please contact our 24/7 legal team by calling 213-927-3700 or filling out our quick contact form.
These are the coverage types that are essential to use when trying to collect lost wages:
Once you confirm that your policy covers lost wages, it is required for you to get your documentation together in order to file a claim. The paperwork should have the following:
Check with your car insurance agent to see if there is a form available to have your physician fill out.
The amount of lost wages is based on your pay rate and the amount of time you missed work because of your injury. The adjuster may consider increasing your reimbursement if you missed opportunities for job interviews or promotions.
It’s difficult to accurately justify the amount, but you should still inform your insurance company about any lost opportunities you experienced after your car accident injury.
It is still possible to calculate your lost wages even if you have a non-salaried job along with having irregular hours or if you work on commission. One method of doing this is to show what you missed due to your inability to perform your job.
An example could be documenting and showing the missed appointments or reduction in billing invoices during the period of time in which you were recovering. Another method is providing your tax returns from the previous year as proof of the wages that you could have earned if you didn’t experience a car collision. If you are dependent on tips for your wages, you will only be permitted to show the lost income you had if you reported those tips on the previous year’s tax returns.
Exclusions appear when the policyholder is given the choice of reducing the deductible by removing specific benefits. If you’ve made the decision to decrease your costs by choosing to cut your wage loss benefits, you’ll notice this on your policy.
Typically, personal injury protection policies will incorporate this provision. Make sure you are aware of what you are doing when selecting this option. If you are injured and this results in an inability to work, you may potentially lose a lot.
Discuss with your car insurance agent if you’re not sure whether your current PIP insurance coverage pays for wage loss.
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