Does An Injured Person Have To Meet The Threshold In Order To Claim Loss Of Income?
Have you been injured in an automobile accident that has caused you to suffer a loss of income? Are you having trouble paying your bills and living expenses because of another person’s negligence? If so, you already understand that the devastation caused by an automobile accident goes far beyond the physical and emotional pain of your injuries. When victims experience a loss of income due to an automobile accident, the financial strain placed on the victim and his or her family is severe.
If you have loss of income from an automobile accident, contact the personal injury attorneys of Musselwhite Meinhart & Staples toll-free at 1-800-754-HELP to schedule a free consultation. We will evaluate your case and advise you of the best course of action to obtain the compensation you deserve for your injuries. It is important to contact our office as soon as possible because you may have more than one option for recovering your loss of income but it is important to first weigh all options before deciding which option is best for your situation.
Kentucky’s No-Fault Benefits and Loss of Income
You may be able to collect reimbursement for your loss of income under Kentucky’s personal injury protection laws; however, if you choose to do so, you could lose your right to sue the negligent party unless you meet the thresholds to allow you to sue the negligent party. It is important to weigh both options before you decide which course of action is best for your situation.
If you do choose to claim benefits under Kentucky’s no-fault provisions, your first $10,000 in reimbursable expenses from an automobile accident will be paid by your own insurance company regardless of who is at fault for the accident. You can recover compensation for a loss of income from your automobile insurance company. This is good news for victims because they can receive immediate compensation for loss of income rather than waiting for a claim to be settled with the at-fault party.
The no-fault benefits allow the injured party to receive reimbursement for loss of income to help cover expenses immediately following an accident. However, if you choose to do this, you cannot sue the at-fault party for damages exceeding the $10,000 PIP limit unless you meet the thresholds under Kentucky’s no-fault laws. An injured party meets the threshold if one or more of the following requirements are met:
- $1,000 or more in medical expenses
- Fractured bone
- Permanent injury
- Disfigurement
- Permanent loss of bodily function
- Loss of body member
- Death
If you are injured to the point that you will miss significant time from work, you will more than likely incur more than $1,000 in medical bills. In this case, you have met the threshold and you can pursue the at-fault party for damages exceeding the $10,000 no-fault limit. However, it is in your best interest to seek the advice of a car accident attorney before you make any decisions. Your attorney will discuss all options and help you decide what is in your best interest.
Contact an Experienced Elizabethtown Automobile Accident Attorney
We’ve Helped Thousands of KY Families, we can help you!
The personal injury attorneys of Musselwhite Meinhart & Staples, PSC have over 50 years of combined legal experience. If you are suffering due to the negligence of another driver, we can help you. We represent clients throughout central Kentucky.
Contact us at our Radcliff and Elizabethtown Office in Hardin County at (270) 351-6032 or toll-free at 1-800-754-HELP to schedule a free consultation with one of our experienced attorneys. You may also contact our office through our convenient online contact form.