If you're new to this concept or it has been a while since you've reviewed your auto insurance policy, you may be wondering... What is Stacking? How does Stacking work?
All states do not offer an auto insurance option for stacking, but Florida is one of the states that does. Stacking allows you to use your UM, uninsured and/or uninsured motorist bodily injury coverage, in a manner that combines multiple policies. For example, if you have $50,000/$100,000 coverage on each of two vehicles, the total coverage would combine to be $100,000/$200,000. Three vehicles insured at $50,000/$100,000 UM/UIM would total $150,000/$300,000 and so on. This can be a great advantage to the insured in the event of an accident with injuries. We're all familiar with how easily hospital bills can add up! Of course, this stacking option does cost a bit more due to the insurer being on the hook for more potential pay out.
Stacking is an option even if you have just one car insured. It offers a broader coverage than non-stacked UM. It may well be worth paying the few extra dollars to have stacking. If you have any questions, please don't hesitate to contact us.