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Copyright 2003 Michael J. Gallagher - All Rights Reserved |
Survivors' Benefits “What are survivor’s benefits?” If a person who is covered by No-fault insurance dies because of injuries suffered in an accident, the insurance company will pay lost contributions of “tangible things of economic value” to that person’s dependents. These benefits are limited to three years from the date of the accident. The maximum amount payable is limited by law and increases slightly each year. For example, for an accident occurring between September 1997 and September 1998, the maximum amount is $3,627 per month, or $43,524 per year. “What are ‘tangible things of economic value’?” Generally, tangible things of economic value include any amount the person would have provided to the dependents in actual wages, other income, and fringe benefits. “What about medical expenses before death?” The insurance company will pay all medical expenses before death so long as they were reasonable necessary for the person’s medical care as a result of the accident. “What about funeral and burial expenses?” The insurance company will pay at least $1,750 for funeral and burial expenses. Some policies provide more coverage. If you have any questions, please contact me: Michael J. Gallagher, Personal Injury Attorney mike@lawyerinjuryexpert.com 1-877-445-4446 |
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