Can I get compensation for loss of income after a car accident?

Yes, you can get compensation for loss of income after a car accident in Texas. Under the Texas Motor Vehicle Safety Responsibility Act, if you suffer an injury in an auto accident caused by another driver’s negligence, you can recover for certain economic (out of pocket) and non-economic losses. Economic losses are defined as “reasonable and necessary expenses” that occurred as a direct result of the accident. These expenses can include loss of income or wages, medical bills, and property damage. On the other hand, non-economic damages are those damages which cannot be estimated in a precise dollar amount, such as pain and suffering. In Texas, such non-economic damages are capped at $250,000. It’s important to note that if your claim is against the driver’s insurance company, the state’s liability limits will apply. To get compensation for loss of income after an accident, you must prove that the accident caused you to suffer the loss of wages. You must also calculate the amount of income you lost and provide documentation such as invoices, receipts, and pay stubs. Finally, you must prove that you have suffered an economic loss. To prove economic loss, you must provide evidence of your lost wages, medical bills, or property damage. In sum, if you suffered an injury in an auto accident in Texas, you can get compensation for loss of income. To get this compensation, you must prove that the accident caused you to suffer the loss of wages, calculate the amount you lost, and provide documentation to support your claim.

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