Which Accident Benefit covers lost income due to an accident?

Prepare for the IBABC Automobile Insurance Exam with our multiple choice questions with explanations and hints. Study effectively with our engaging quizzes and ensure you're exam-ready!

Wage Loss Benefits specifically address the loss of income that an insured individual may experience due to an accident. This type of benefit is particularly relevant for those who are unable to work because of injuries sustained in an accident. These benefits help to replace a portion of the lost wages, providing financial support during the recovery period.

In contrast, Homemaking Benefits are designed to assist individuals who may need to pay for homemaking services due to their injuries, rather than directly compensating for lost jobs or incomes. Death Benefits cater to the financial consequences following the death of an individual due to an accident, typically providing support to surviving family members. Funeral Expenses, on the other hand, refer to the costs associated with a funeral service, which is unrelated to the income lost due to inability to work. Therefore, Wage Loss Benefits are the appropriate coverage for lost income resulting from an accident.

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