To Stack or not to Stack…that is the question?

To Stack or not to Stack…that is the question?

When you’re involved in an accident, having sufficient car insurance coverage makes all the difference.   When an uninsured or underinsured motorist crashes into your car, whether your insurance policies are “stacked” may determine whether you are able to fully recover.   “Stacking” is defined as the right of an insured to take coverage for each vehicle for which a separate premium has been paid as a cumulative benefit.   More simply put, if you own more than one vehicle you want to stack (collect the coverage for all your vehicles) your uninsured or underinsured insurance coverage so if you or your family member is involved an auto accident you can receive the benefits under each separate policy until you receive full payment for your injuries and property damage.

For example, you own three cars with 100/300 thousand dollar underinsured motorist coverage.  By electing stacking, if you are involved in an automobile accident you can collect on all three cars giving you coverage of up to 300/900 thousand dollars.  Assuming that the person who caused the accident had minimal coverage of 15/30 thousand dollars and you were seriously hurt, being able to stack your coverage will enable you to more fully recover for your injuries.

When determining how much insurance coverage you need, a general rule is that your uninsured/ underinsured liability coverage should equal your liability coverage.  Liability coverage is the insurance you carry that protects those you may injure in an accident.  Uninsured/underinsured coverage is the insurance coverage you have to protect yourself and I always tell people that you should insure yourself for what you are insuring the world.

If you have been in an accident contact the Law Office of John E. Kusturiss, Jr., P.L.L.C. today for a free consultation.  Mr. Kusturiss has been practicing for more than thirty years and has the experience you need to get the result you want!

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