One question you may be asked when applying for automobile insurance coverage is whether you want your auto insurance stacked or unstacked. What's the difference, and which is best for you?
Uninsured Motorist Coverage
In Florida, drivers are not required to have bodily insurance (BI) coverage. That means if you are involved in an auto accident, the at-fault driver may not have insurance that covers your injuries or medical bills. It might be necessary to turn to your uninsured/underinsured motorist coverage protections (UM) after all PIP limits are exhausted.
Stacking only applies to UM policies with more than one vehicle on the policy. Let’s assume you have two vehicles on a non-stacked policy with UM limits of $50,000/$100,000. That’s $50,000 per person and $100,000 per occurrence. If you are involved in an accident the amount of UM coverage available to you would be the limits of your policy. Now let’s assume you have two vehicles on a stacked policy with UM limits of $50,000/$100,000. If you are involved in an accident, the amount of UM coverage available to you would be $100,000/$200,000.
Stacking allows you to combine the UM coverages on multiple vehicles across the policy. Since approximately 1 in 4 drivers in Florida are driving around without insurance, the benefits of stacking your insurance policy greatly outweigh the minimal amount it may cost you for this coverage.
Additionally, it covers you or your family members in any car you are riding or driving, not just the cars on your policy. Since non-stacking is typically the default, make sure to ask your insurance agent for stacking if you want additional UM coverage.
Stacking only applies to UM policies with more than one vehicle on the policy. Let’s assume you have two vehicles on a non-stacked policy with UM limits of $50,000/$100,000. That’s $50,000 per person and $100,000 per occurrence. If you are involved in an accident the amount of UM coverage available to you would be the limits of your policy. Now let’s assume you have two vehicles on a stacked policy with UM limits of $50,000/$100,000. If you are involved in an accident, the amount of UM coverage available to you would be $100,000/$200,000.
Stacking allows you to combine the UM coverages on multiple vehicles across the policy. Since approximately 1 in 4 drivers in Florida are driving around without insurance, the benefits of stacking your insurance policy greatly outweigh the minimal amount it may cost you for this coverage.
Additionally, it covers you or your family members in any car you are riding or driving, not just the cars on your policy. Since non-stacking is typically the default, make sure to ask your insurance agent for stacking if you want additional UM coverage.
If you have been involved in an auto accident and are unsure whether there is adequate insurance coverage, call Alisa Wilkes. She can walk you through every detail of the process as it relates to your specific circumstance.