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Does my insurance company owe me for lost wages after my accident? If so, what are the limits on what they owe?

Yes. Your insurance company owes you for lost wages. There are two limits on the amount of reimbursement for wage loss. The first is the limit that they only have to pay 85% of your lost wages. However, you do not have to pay state or federal taxes on this benefit like you would your regular wages. The second is a cap under Michigan law. Essentially, there is a maximum monthly payout of No-Fault wage loss benefits. If you were making a high salary or income, you will not be reimbursed at 85%. This maximum amount or cap amount is adjusted every year for inflation. Although your insurance company is limited to three years of wage loss, the other driver's insurance company could be liable for wages in excess of three years. 

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