Wage loss coverage is optional, and if added onto your policy then your insurance company is required, by law, to pay 80% of your gross income when you cannot return to your job from injuries sustained in the collision. Most people only have minimal wage loss coverage on their policy. So, for instance, 1,000/5,000 means the Insurance Company will pay up to $1,000 per month for 5 months. Thereafter, if the collision was someone else’s fault our experienced Pennsylvania attorneys could try to have that person’s Insurance Company pay the difference. If wage loss is not selected you may not be monetarily protected if you are forced out of work due to your injuries unless you have your own disability policy.
Remember, your insurance premiums cannot be increased if the insurance company has to pay money for your medical bills, wage loss, or any other reason. The only way an insurance company can increase your insurance rates is based on “risk.” That is, if the collision is more than 50% your fault then you are more at “risk” and only then may the insurance company increase your or your loved one’s insurance premium.
A car collision is traumatizing enough, fighting with your insurance company or stressing over how you’re going to pay your bills shouldn’t be your focus; your focus should be on recovering and putting your life back together.
How our Pennsylvania Accident Attorneys Can Help
It is of the utmost importance that you consult with our PA car accident attorneys about handling your car accident claim; it has been proven that personal injury victims obtain far more money once they hire an attorney.
Never agree to a quick settlement. The job of an insurance adjuster is to pay you the least amount of money possible to settle your claim. There are many exceptions and technicalities to battling the Insurance Companies that if you are not aware of could cost you hundreds of thousands of dollars. Our car accident lawyers are experts when it comes to dealing with insurance companies and will fight aggressively on your behalf to get you or your loved one the compensation you deserve.
Please, call our Pennsylvania accident lawyers now at our local numbers or toll free at 1-800-444-5309 as we represent all Pennsylvania residents