If you were injured in an accident and miss work, you are entitled to recover your lost wages. Your first source of recovery is lost wages paid through PIP. Unfortunately, the legislature has capped PIP payments for lost wages at $200 a week. Hardly, sufficient to compensate someone for the likely wages they have lost. You should know you are entitled to the difference.
You will recover this amount from the party at fault when you make your claim. For instance, if you miss three weeks of work and earn $400 a week in lost wages, PIP will pay you a total $600 in lost wages. Your actual wage loss is $1,200. The difference of $600 is recoverable when you make a claim for “bodily injury.” This figure should be included in any negotiations with the insurance company. The insurance company that settles your bodily injury claim will also be responsible for paying back the sums paid under PIP.