Which benefit has a maximum payment of $740 per week?

The wage loss accident benefit is designed to provide financial support to individuals who are unable to work due to injuries sustained in an automobile accident. The maximum payment of $740 per week reflects the intended purpose of this benefit, which is to cover lost wages and help individuals maintain their financial stability while recovering from their injuries.

This benefit typically applies to those who were employed at the time of the accident and can demonstrate their loss of income due to their inability to perform their job duties. The specific weekly cap is established to ensure that the support is both adequate for most accident victims while also being manageable within the overall insurance framework.

In contrast, the homemaking accident benefit focuses on compensating individuals for loss of the ability to perform household tasks but has different payment structures and limits. Pain and suffering accident benefits aim to address non-economic damages like physical and emotional distress, while uninsured motorist coverage is designed to protect policyholders from losses incurred due to accidents involving drivers who lack insurance. These other categories do not have a weekly payment limit or focus on lost wages, which distinguishes the wage loss accident benefit as the only option with a clearly defined maximum payment of $740 per week.