Delaney Simchuk, Car Insurance Writer
@delaney_simchuk
Yes, State Farm typically covers lost wages if you have personal injury protection (PIP) or uninsured motorist coverage as part of your personal auto insurance, depending on your state and the specifics of your policy. Lost wages may also be covered by disability insurance from State Farm.
If you were injured in an accident that was caused by a driver with State Farm insurance, their bodily injury liability insurance will cover your lost wages.
Types of Insurance From State Farm That Cover Lost Wages
Personal injury protection (PIP). PIP insurance from State Farm typically provides coverage for medical expenses, lost wages, expenses related to rehabilitation, services such as child care, and even funeral expenses for you and your passengers after a car accident. PIP is required in 12 states and costs an average of $600 per year per year when purchased with a minimum-coverage policy in the states where it’s available.
Disability insurance. Disability insurance from State Farm can cover lost wages, mortgage payments, rent payments, car loans, and other monthly expenses. You can choose between long-term disability insurance, short-term disability insurance, and individual credit disability insurance.
Uninsured motorist (UM) coverage. Uninsured motorist coverage from State Farm may cover lost wages, medical expenses, pain and suffering, and related damage to your car after you are hit by a driver who does not have auto insurance.
Bodily injury (BI) liability insurance. If you are unable to work because of an injury sustained in an accident that a State Farm customer caused, their BI insurance will cover your lost wages up to their policy limits. Their BI insurance will also cover your medical expenses, as well as compensate you for any pain and suffering, up to their preset limits.
To learn more, check out WalletHub’s guide to the types of car insurance, as well as our complete review of State Farm insurance.
People also ask
Does State Farm have a grace period for payments?
Yes, State Farm has a grace period of 10 days for late payments, when you can pay your past-due premium in order to avoid a lapse in coverage. If the grace period ends without the necessary payment being made, State Farm will cancel the policy.
Consequences for Missing a State Farm Car Insurance Payment
Cancellation Notice
State Farm will usually send a notice of cancellation that includes the final date they will...
read full answer by Candace Baker, Car Insurance WriterWhat does liability insurance cover?
Liability insurance covers the other driver’s injuries and property damage in accidents that you cause. Bodily injury liability insurance covers the other driver’s medical expenses, while property damage liability insurance covers their vehicle and other objects damaged in the crash, like their home or fence.
What Liability Car Insurance Covers
- Other people’s medical expenses after accidents caused by the policyholder
- Damage to other people’s property caused by the policyholder
- Legal fees if the policyholder is sued...
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