DAVID GHANNAM LAW FIRM - Key Persons

Every no-fault auto policy is required to provide wage loss coverage in case you are injured in an auto accident and are unable to work. A victim may obtain 85 percent of their pay for up to three years if a doctor has determined the injuries obtained in the accident prevents the victim from working. Money obtained for wage loss reimbursement is tax-free. Also, the amount of wage loss recovery is reduced by 15% for taxes and is limited to a monthly maximum (currently $4,070 per month). If your income exceeds the monthly maximum, you may wish to consider additional wage loss coverage to make up the difference in case of a disabling injury.