One of the consequences of being in a car accident would be the wages lost due to the accident. If you were not injured, the lost wages may only be a small amount, but if you are injured and unable to work, losing your income for an unknown length of time could be financially catastrophic for your household budget. You could purchase an add-on to your own policy that covers lost wages, or you could leave it all up to chance and hope that the person who hits you has sufficient insurance to cover your lost wages along with other damages.
Income that was lost as a result of an accident may not be reimbursed in a timely fashion. If the insurance company of the at-fault person questions the incident or denies the claim, you may even find yourself losing more time through court appearances. If you are forced to go to court, make certain that your lawyer recoups your lost wages, not just money for injuries and damages.
The best action is to add a rider to your own insurance policy that will reimburse you for lost wages. This way, you will be assured of getting your income even if you are injured in the accident and the person who hits you is not well enough insured to cover the costs. Lost wage reimbursement can be purchased for only pennies a day, but it can be worth thousands of dollars if you are forced to file the claim.
If your car insurance company does not offer lost wage reimbursement, get some online quotes to find a company that can offer you this coverage without causing a sharp increase in your premiums. With online comparisons, you may be able to find a company that offers this type of coverage without paying more than you already do, and you can do the research online any time you want, even in the middle of the night or over a long holiday weekend.