HOW MUCH DOES CAR ACCIDENT INSURANCE PAY FOR LOST WAGES
If you are injured in a car accident in Minnesota, and are unable to work because of the crash, your auto insurance will pay 85% of your wage loss up to $500 per week – regardless of who was at fault in causing the accident. The total cap on this benefit is $20,000 unless you purchase stacking coverage, but the $500 per week is a significant help for many people who find themselves in a suddenly precarious financial situation because they were 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, you can receive this wage loss insurance benefit if you are injured in a car accident, even if the accident was your fault. This benefit is separate from medical bills, which your auto insurance will also pay up to $20,000.
Auto insurance reimbursement for lost wages is just one of the benefits you should receive after a crash. While the initial wage loss payment from your auto insurance is limited to $500/week, you may be able to recover additional payment from the other driver’s insurance if they were at fault. You may also be entitled to reimbursement of medical bills beyond $20,000, replacement services, and compensation for pain and suffering. Payment for missed time at work because of a car accident is particularly important, though, because many people are on tight budgets and need immediate help.
FREE CONSULTATION WITH A LAWYER
If you have been injured in a car accident in MN, you are welcome to call us and speak with an experienced car accident attorney about your lost wages and other insurance issues. We will answer your questions about insurance coverage relating to your auto accident and advise you on how to move forward. There is no charge or obligation for the initial consultation with an attorney. The primary focus of our best MN car accident lawyers is to make sure you get the compensation you are entitled to during this difficult time.