Understanding Stacking UM Coverage in Florida

What Is Stacking?

In Florida, “stacking” refers to the practice of combining uninsured/underinsured motorist (UM) coverage from multiple vehicles you insure. Let’s break down why this matters and how it can benefit you:

Increased Financial Protection:

• When you stack UM coverage, you enhance your financial safety net after an accident with an uninsured or underinsured driver.
• Stacking allows you to combine the UM limits from each of your insured vehicles, resulting in higher coverage for:
  • Medical Expenses
  • Lost Income
  • Pain and Suffering

How Stacking Works:

• You can stack UM coverage within a single policy (if you have multiple vehicles insured under one policy).
• Let’s explore examples:
  • Within a Single Policy:
    • Suppose you purchase one UM policy with limits for a single car:
      • UM coverage per person: $50,000
      • UM coverage per accident: $100,000
  • If there are two cars on the policy and you’re in an accident with an underinsured or uninsured motorist, your available UM payment limits are “stacked” times two. Now you have:
    • UM coverage per person: $100,000
    • UM coverage per accident: $200,000
  • If there are three cars on the policy and you’re in an accident with an underinsured or uninsured motorist, your available UM payment limits are “stacked” times three. Now you have:
    • UM coverage per person: $150,000
    • UM coverage per accident: $300,000

Financial Security:

• Serious car accident injuries can lead to substantial expenses.
• Stacking UM insurance may ensure that you and your loved ones are financially protected against unexpected costs.

Your Choice:

• Under Florida law, drivers are not required to carry UM insurance. The policyholder must choose UM insurance, and they must select between regular and stacking insurance coverage, at the time they purchase their insurance policy. Although you’ll likely pay a higher premium for stacked UM insurance coverage, the peace of mind that comes with knowing that you are protected in the event of a collision with an uninsured or underinsured driver is well worth the higher cost.

If you or a loved one has been injured due to negligence, contact Brubaker Injury Law today to discuss your options and protect your rights. Call (800) 817-9301 or visit our website to schedule a free case evaluation.