Which item is included in Basic Economic Loss?

• A. Loss of earnings up to $2,000 per month for up to three years
• B. Pain and suffering damages
• C. Future medical expenses over $50k
• D. Punitive damages

Answer: (A)

Basic Economic Loss in New York no-fault auto insurance covers certain economic damages with set caps, including wage loss and medical expenses. The wage loss component is specifically up to $2,000 per month for up to three years, which is why this item fits BEL. Non-economic damages like pain and suffering are not part of Basic Economic Loss, and future medical expenses beyond the $50,000 medical cap aren’t included in BEL. Punitive damages are separate from no-fault economic loss. So the wage-loss item described is the one that BEL includes.