What is the waiting period for Income Replacement Indemnity under the Personal Injury Protection Program?

The waiting period for Income Replacement Indemnity under the Personal Injury Protection Program is set at 7 days. This means that if an individual sustains injuries from a vehicular accident, they must first wait a week after the accident before they are eligible to receive compensation for lost wages due to their inability to work.

This 7-day waiting period is established to ensure that only individuals who have sustained significant injury and are unable to return to work for a certain duration can access these benefits. This feature is designed to balance providing prompt assistance to those in need while also managing the costs associated with insurance payouts.

The options stating longer waiting periods of 60 or 90 days would not align with the immediate need for injured persons to obtain financial support and could exacerbate their hardship during recovery. The immediate option does not fit either, as a brief waiting period is standard practice to confirm the severity of the injury and its impact on the individual's ability to work. Therefore, a 7-day waiting period effectively meets the needs of both injured individuals and the insurance system.