UM: Stacked or Unstacked

So, it is time for new auto insurance.  While choosing your coverage, it is important to remember that Florida does not require Bodily Injury (BI) liability insurance. Florida only requires personal injury protection (PIP) and property damage liability (PDL). This means that any individual that carries the State minimum will be considered uninsured to cover your bodily injury.  Uninsured Motorist (UM) coverage is the help pay your medical bills and to protect your family from financial ruin after an auto accident. 

Stacked Uninsured Motorist Insurance is the best type of UM insurance to protect you and your family. It will pay for your damages if you get in an accident with an at fault driver who does not have any or does not have enough Bodily Injury (BI) Insurance to cover your injuries.

What are the advantages of stacked coverage? You have higher coverage limits after an accident caused by an uninsured or underinsured driver. Without stacking, your UM limits are capped at your liability limits. By stacking, you get more coverage in case of an accident caused by another driver. Stacked insurance increases UM coverage limits. This is done specifically in relation to how many cars are insured.  Under Florida law, drivers have the option to stack UM within one policy or across multiple policies.

•Stacking across policies: assume you have two separate car insurance policies for two cars, and each has $50,000 of UM bodily injury coverage. If you are involved in a car accident with an uninsured driver and you chose to stack your coverage, you can combine the limit to $100,000 (as long as both policies are under your name) to cover any medical or property bills in excess of the $50,000 on one policy.

•Stacking within one policy: on the other hand, if you have multiple cars insured within one policy, you may be able to stack UM bodily injury coverage. An example of this is if you have three cars each with $25,000 limits and you choose to stack this coverage. If you are involved in a car accident with an uninsured/underinsured motorist, you can have a coverage limit of up to $75,000 no matter which car was involved in the crash.

If the time comes to use your Uninsured Motorist (UM) coverage, contact us to help navigate the claim.