Insurance coverage can be complicated to understand because there are many terms used in vehicle insurance policies, some of which are uninsured motorist coverage (UM), underinsured motorist coverage (UIM), stacked coverage, and non-stacked coverage.
Uninsured and Underinsured Motorist Coverage
UM-UIM insurance is not mandatory in Florida. However, it is critically important, and you should always carry UM-UIM coverage! It covers medical, lost wages, and pain and suffering after personal insurance protection (PIP) has been exhausted. UM coverage helps pay for accident-related expenses if a driver is hit by another driver without insurance. UIM helps pay for expenses if an at-fault driver’s insurance is insufficient to cover accident bills. Never sign forms rejecting UM-UIM coverage! Both stacked and non-stacked coverage applies to UM and UIM coverage.
Vehicle owners need to make decisions when they purchase vehicle insurance. One of these decisions is whether to have “stacked” or “non-stacked” coverage. What is the difference?
Stacked Insurance
Usually, Florida’s stacked insurance coverage provides better coverage with higher limits. When insurance is stacked, it covers the driver when he/she is driving or riding in any vehicle whether the vehicle is owned, borrowed, rented, or is another person’s vehicle, or a motorcycle.
Stacked insurance has combined coverage limits for multiple vehicles. A coverage limit is the maximum amount your insurer will pay towards a covered...
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