Many people are unaware of the significant coverage difference between the two forms. Stacked benefits always gives you, the insured, the benefit of the broadest uninsured motorist coverage.
Stacking your uninsured motorist coverage means you are able to collect uninsured motorist coverage from more than one car on your policy. For example, say you have two cars on the same policy and carry $25,000 stacked uninsured motorist coverage. With stacked uninsured motorist you can combine your uninsured motorist coverage limits for a total of $50,000. Stacking your uninsured motorist coverage raises the potential amount of coverage you can collect in case of an accident with an uninsured or underinsured driver.
If your uninsured motorist coverage is non-stacked, you are not able to combine limits from other vehicles on your policy. For example, if your non-stacked uninsured motorist limit is $25,000, you may only receive up $25,000, policy limit.
Other examples of benefits of stacked uninsured motorist coverage vs. non-stacked uninsured motorist.
-You obtain a second vehicle and do not call your insurance company within the allowable reporting period. Three months later, you are hurt in your new vehicle by an uninsured motorist.. Your injures would not be covered by non-stacked coverage. Stacked coverage would respond.
-You are a “snowbird” who owns one vehicle in Florida with limits at $300,000 non-stacked uninsured motorist and own another vehicle up north. Uninsured motorist coverage was rejected on the vehicle located up north. You are injured by an uninsured driver while driving vehicle located up north. The Florida non-stacked coverage will not respond. Stacked coverage would respond.
Contact Park & Associates today at (561) 994-0880 to ensure you are covered for these types of exposures.