When you’ve been injured in an accident, it’s not always easy to get the compensation you are entitled to through the insurance company. Generally, the insurance company wants to pay you as little as possible to satisfy your injuries. One such type of compensation that you are entitled to that isn’t easy to receive is lost wages.
Lost wages are the money you lost out on because of your accident through your employment. Lost wages can include a number of types of compensation including salary or hourly wage, overtime, bonuses, tips, PTO and more. Lost wages can make up a significant portion of your insurance settlement.
If you are unable to recover lost wages, you may find that your accident has caused you to go into debt. Without your regular employment earnings, you may fall behind on your rent or mortgage, be unable to afford your utilities or even be forced to file bankruptcy. An unexpected accident can derail your financial future in an instant.
However, lost wages aren’t automatically considered or awarded in your settlement. Instead, you have to specifically request them. But, requesting lost wages isn’t enough – you have to be able to prove that you are entitled to the award.
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