Why Do You Need to Stack Auto Insurance Policies?

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According to estimates, 12.6% of drivers on the road in 2019 did not have auto insurance. That comes up to about one in eight drivers who are operating a vehicle without insurance. This is prohibited and risky and may also cost everyone involved money if there is an accident.

Your main concern might be how you will pay for your medical expenditures if you are involved in a serious vehicle accident in Pennsylvania with an uninsured driver. Will you have to pay the invoice?

Fortunately, your insurance policy includes clauses covering any injuries you could sustain. Additionally, you won’t have to worry about footing the high expenditures if you have stacking underinsured and uninsured motorist coverage.

Get in touch with a Cherry Hill, NJ personal injury attorneys if you’re involved in a car accident with an uninsured motorist.

Stacked Insurance: What Is It?

Simply put, stacked auto insurance combines the limitations of your UM and UIM motorist coverage for a variety of automobiles or policies. Due to the fact that stacked insurance will boost the maximum amount an insurer would pay for a claim, it’s an excellent strategy to safeguard your pocketbook if you are in an accident. Insurance can be stacked vertically (within a single policy) or horizontally (across numerous policies).

What does Unstacked Insurance entail?

Unstacked insurance is when you have a single policy on a single car, are unable to stack the insurance limits due to state regulations, or have decided not to stack the policies in order to pay a lower monthly rate. While a lower premium can help you out financially, for now, it might also backfire if you get into a collision with an uninsured driver.

What is the stacking policy for UIM?

The fact that Pennsylvania allows stacking of auto insurance policies is excellent. There are, however, situations in which you cannot pile insurance, such as if you give up your right to UIM/UM. As a result of using your car for work-related activities, such as client meetings or site visits, you may have trouble stacking your insurance.

The first thing you need to do is evaluate your policy if you want to stack your UIM insurance. Avail yourself of the necessary coverage. It’s essential to keep in mind that denying or lowering your UIM coverage limits could end up costing you money in the long run.

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