Written by Q: What is income loss insurance and how does it apply to car insurance?
AIS: Income loss coverage on your auto insurance policy is designed to help you recover a certain percentage of your lost wages due to a car accident.
You can sometimes find Income Loss coverage within your Personal Injury Protection (PIP) Coverage on a policy.
If you want to learn more about Income Loss coverage as it pertains to your personal auto insurance policy then you will need to speak with your auto insurance carrier or agent directly. This extra coverage may or may not be offered, or combined with Personal Injury Protection and in no-fault states you may already be required to carry PIP and it’s possible that you already have some form of income loss coverage on your current policy.
As always, check with your insurance company or a licensed insurance agent before making any changes to your auto insurance policy.
