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What does stacked uninsured motorist coverage mean and will it get your car fixed by insurance?
Wiki User
∙ 10y ago
"Stacked" refers to uninsured motorist coverage, not to liability or physical damage coverage. In essence, if there are two cars in a household, both with insured motorist coverage, the uninsured motorist limits of the cars can be "stacked"--added together. Naturally, this will only make a difference if the severity of the injury and the clarity of the liability is such as to warrant that size of a payment to the insured. Keep in mind that the assessment of damages by an insurer in an uninsured motorist claim is similar to that done by a liability insurer in a third-party claim. Note also that some states have "anti-stacking" statutes which prohibit the stacking of ininsured motorist limits.
Wiki User
∙ 10y ago
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What does stacked insurance mean in Florida?
Stacked coverage means that you may combine your coverage limits for each automobile insured under your policy. For example, if you insure three cars and obtain stacked coverage with limits of $10,000 per person and $20,000 per accident for each auto. Your stacked, or combined, coverage will total $30,000 per person and $60,000 per accident. If the coverage was unstacked, then the limit of coverage for each vehicle would be $10,000 per person and $20,000 per accident.Stacked Uninsured Motorist Insurance is the best type of UM insurance to protect you and your family. Here is how Uninsured Motorist insurance works. It will pay for your damages if you get in an accident with an at-fault driver who does not have ANY Bodily Injury Insurance, which is called an Uninsured Motorist
What is stacked Auto Insurance?
Stacked auto insurance is an option that lets a policyholder to boost available uninsured/underinsured motorist (UM/UIM) physical injury protection by multiplying the UM/UIM limits of the number of cars on a policy. Stacked insurance coverage is applicable only to UM/UIM limits. For more information about stacked insurance visit the Related Link:
What does stacked uninsured motorist coverage mean?
Uninsured motorist coverage is usually listed in ways such as 10/20, 25/50, etc. That means $10,000 per person, $20,000 max per accident. This coverage is for each vehicle on the policy. If you stack the coverage and have 2 cars, you can collect the coverage from both vehicles on your policy if you have a claim (therefore doubling your coverage--$20,000 per person/$40,000 per accident). If you have 3 cars, you collect from all three vehicles (tripling coverage). Unstacked means separate and you only collect from the vehicle you are in at the time of the accident. Stacked coverage is more expensive, but is a great way to get additional coverage for a relatively small increase in premium. If you only have one car--you want to choose unstacked. Otherwise you pay more with no additional benefit
Decide Whether Undersinsured Motorist Protection Is Worth Buying?
Some states require drivers to carry underinsured motorist protection insurance. Often abbreviated as UIM, this coverage protects non-fault parties when property damage is sustained as a result of an auto accident. If the at-fault driver is not carrying sufficient liability insurance to cover all damage costs, UIM will usually take care of the gap.UIM And State LawsEven if a particular state does not require drivers to carry this type of coverage the law forces insurance providers to make it available to any driver who wants it. If this coverage is mandated by law the insurance quotes given a customer will include this cost. Many states also have laws that require insurance companies to offer UIM when a quote for uninsured motorist protection is given. Uninsured motorist protection insurance is separate from UIM and covers non-fault parties when the at-fault driver is carrying no liability protection.Medical costs for injuries sustained by non-fault individuals involved in a car accident are also covered by UIM. Some states require personal injury protection instead of UIM and this type of coverage takes care of medical expenses regardless of who was at fault in an accident.Exclusions To UIM CoverageSome states have very specific laws regarding items and injuries not covered by UIM protection. It is advisable to check with the state insurance board or an insurance provider to learn about specific exclusions to this type of coverage. Some states will not require an insurance company to honor a UIM claim if the insured was injured in an accident involving a second car owned by him or her. Some policies do not cover the cost of property damage or injuries caused by a person related to the insured. Insurance companies will also want to make sure the at-fault party cannot pay these expenses. If it is thought the at-fault driver can cover the costs of damage and/or personal injuries even without liability insurance, UIM claims may not be honored in some cases.Stacking UIM CoverageInsurance shoppers are advised to consult with their insurance provider concerning stacked UIM coverage. Owners of multiple vehicles may be able to use the available UIM protection on two different vehicles to cover the damage costs or medical expenses suffered in an accident. Even if only one of the vehicles covered is damaged by another driver, non-fault parties may be able to use the coverage on both vehicles to pay for damages to the vehicle involved in the accident.Each insurance company has its own rules concerning the paying of UIM claims. Most will hesitate to honor the policy until it has been determined the at-fault party has used all available liability insurance and can pay no more out of his or her own pocket.
Can you stack an insurance policy when the driver of the motorcycle is at fault and the injured party med bills exceeds BI portion of policy can the policy be stacked for the underinsured portion?
Yes, that is the primary function of underinsured motorists coverage.
How is bluecross stacked up against other insurances?
Blue Cross is considered a reputable insurance, but it is important to find an insurance with a plan that meets individual needs.
How do you cold stack an oil rig?
A "cold-stacked" rig is taken out of service for a significant period of time. The rig's crew is laid off, and its doors are welded shut. When a rig is cold stacked, all fixed costs are avoided except for insurance.
How do you spell stacked?
Stacked is correct.
Which type of graph makes it easy to see that Oxygen is roughly one-half the total?
A pie or a stacked bar.A pie or a stacked bar.A pie or a stacked bar.A pie or a stacked bar.
What is the duration of Stacked?
The duration of Stacked is 1440.0 seconds.
When was Stacked Deck created?
Stacked Deck was created in 1975.
When did Stacked end?
Stacked ended on 2006-01-11.
