Car Accident Wage Loss Benefits To Increase


LOSTINCOME AUTO INSURANCE COVERAGE TO INCREASE

If you miss work because you are injured in a car accident, your No-Fault auto insurance will pay a portion of your lost wages. The law provides for lost salary, wages, tips, commissions, and other types of earnings. However, that amount has been limited to a maximum of $250 per week.

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Car Accident Can’t Work Injury Income Loss

Our lawyers have worked on many MN car accident injury cases where that $250 per week in wage loss reimbursement was crucial In some cases, it was the difference between our client paying rent or being evicted.However, while we appreciate the benefit, we were often concerned that $250 per week was not enough. It does not come close to compensating most people for their lost wages after an auto accident. In reality, many people are still in a difficult financial situation.

$500 PER WEEK LOST INCOME REIMBURSEMENT

Therefore, our car accident attorneys are grateful to the MN legislature for amending the No Fault law this year. The reimbursement was increased to $500 for lost wages after a car accident. (The amendment goes into effect on January 1, 2015.)

The total cap on this benefit is still $20,000 unless you purchase stacking coverage. However, the $500 per week will be a significant improvement for many people in a precarious financial situationafter being injured in a car accident. It is also important to remember that this lost wages benefit is available regardless of fault (no-fault).In other words, if you are injured in a car accident, you can receive wage loss reimbursement even if the accident was your fault.

CAN’T WORK BECAUSE OF CAR ACCIDENT INJURY

If you have been injured and can’t work because of a car accident in MN, you are welcome to call us. You will speak directly with an experienced attorney about your situation. We will answer your questions about insurance coverage and lost income relating to your auto accident. A top lawyer will advise you on how to move forward.There is no charge or obligation for the initial consultation. Further, we never charge anything unless you receive compensation.