Excess Economic Damages
Michigan No-Fault attorneys explain how this third-party benefit covers additional lost wages, allowable expenses (such as medical expenses) and survivor’s loss
Excess economic damages include any damages above the statutory monthly maximum for wage loss benefits within the first three years after an auto accident as well as any and all wage loss after three years.
Excess economic damages also include survivor’s loss beyond three years after a fatal car accident.
Importantly, excess economic damages will also include “excess” medical expenses, which will consist of a car accident victim’s accident-related medical costs that exceed his or her chosen No-Fault PIP medical benefits coverage level once the new levels become available in auto insurance policies issued or renewed after July 1, 2020.
Who pays for excess economic damages in Michigan?
Excess economic damages are covered by the wrongdoer’s insurance company – meaning, the No-Fault insurer of the driver responsible for of the Michigan car, truck or motorcycle accident.
Is there a time limit associated with excess economic damages?
If the automobile accident in a third-party case took place more than three years ago, the victim can’t sue the at-fault driver or the wrongdoer’s No-Fault insurance company for injuries, no matter how serious. The only exception is for minors.
Michigan Auto Law has been helping injury victims throughout Michigan for over 50 years. We can help you obtain the No-Fault benefits and excess economic damages you require. To speak with a No-Fault attorney directly, please call (800) 777-0028 or fill out our consultation form.