A worker with a $20,000 salary files for Wage Loss benefits under basic PIP. What is the maximum amount the insured will receive?

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Multiple Choice

A worker with a $20,000 salary files for Wage Loss benefits under basic PIP. What is the maximum amount the insured will receive?

Explanation:
Wage loss benefits in basic PIP are capped at a maximum payout. In New Jersey’s basic PIP, the wage loss benefit cannot exceed $20,000 per insured for the claim. So even if the worker earns $20,000, the most the insurer will pay for wage loss is the cap amount. If the wage loss fully realizes the salary, the maximum payable is $20,000.

Wage loss benefits in basic PIP are capped at a maximum payout. In New Jersey’s basic PIP, the wage loss benefit cannot exceed $20,000 per insured for the claim. So even if the worker earns $20,000, the most the insurer will pay for wage loss is the cap amount. If the wage loss fully realizes the salary, the maximum payable is $20,000.

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