Stacking vs. Non-Stacking UM Coverage
The most important difference between the two is that Stacking will provide more coverage if you are insuring more than one car. In Florida, you can purchase Stacking coverage for one policy or spread it across multiple policies with the same insurer.
For example, let’s say you are insuring two cars and you want $50,000 of UM coverage on each. If you elect Non-Stacking coverage, only $50,000 will be available in UM. However, if you purchase Stacking, you will be insured for $100,000 even though your BI coverage only needs to be $50,000.
There are also differences between Stacking and Non-Stacking when you are a passenger in someone else’s automobile. In the end, even if you are only insuring one vehicle, it pays to purchase Stacking UM coverage, especially given that usually the difference in price is relatively small.
At Mickey Keenan, PA, we understand that deciphering insurance policies and dealing with insurance companies can be confusing, time-consuming, and challenging. When you are injured through the fault of another driver, we are here to answer your questions and help you achieve maximum recovery for your injuries.
The most important difference between the two is that Stacking will provide more coverage if you are insuring more than one car.
This is optional coverage over and above your PIP benefits. Medpay is also no-fault insurance, and will pay for the 20% medical bills uncovered by PIP up to the amount of your Medpay coverage limit. Some policies carry $5,000 in Medpay, while others carry $2,000 or $10,000. The amount you purchase, or whether you purchase it all, is completely up to you.
All Florida automobile insurance policies carry PIP coverage, otherwise known as Personal Injury Protection benefits. These are no-fault benefits, so whether or not you were at fault for an accident, you are entitled to this coverage.
Rental coverage is not standard on most auto policies. Therefore, if it is something you want included in your policy, it is important to ask your insurance agent and look at the policy coverages before making a final decision.
If you carry collision on your automobile insurance policy, your insurance carrier will pay for damage you sustain to your own car, whether you were at fault or not. Although Florida does not require collision coverage, consumers often benefit from having it on their policy for a few reasons.
This is the type of coverage that pays for the damage to someone else’s car or property when you hit them. Florida only requires that drivers carry $10,000 of property damage coverage.