Which type of coverage does not pay for pain and suffering?

The type of coverage that does not pay for pain and suffering is Economic Only coverage. This specific type of coverage is designed to cover only the economic damages that an individual incurs due to an accident, such as medical expenses, lost wages, and other out-of-pocket costs directly associated with the injury or damage. Since pain and suffering do not fall under the category of economic losses, this coverage specifically excludes those non-economic damages.

In contrast, options like Underinsured Motorist (UIM) and Uninsured Motorist (UM) coverage typically provide compensation for a broader range of damages, including both economic and non-economic losses like pain and suffering. Collision coverage mainly focuses on damage to the policyholder's own vehicle but does not include pain and suffering either. However, it is the Economic Only coverage that distinctly separates itself by addressing only tangible financial losses, making it the correct answer for the question posed.