Ask Kathryn: Should I get Stacked UM Coverage?

Dear Kathryn:  My family has four vehicles and we all have So Fake Name Insurance Company.  The agent says the way the insurance company sells auto insurance is to sell it on separate policies rather than all on one policy.  So if each vehicle is on its own policy, should we get stacked UM coverage?

Answer:  YES!  It won't cost much more to get the stacked UM coverage and in the event of an accident you'll have the amount of UM coverage you buy stacked times four vehicles.  That means if you have a $10,000 per person / $20,000 per occurrence policy that is stacked, you'll have $40,000 per person / $80,000 per occurrence in UM coverage.

True Story:  A good friend of mine who understands how UM works recently tried to "save money" because of the tight economy by switching her UM coverage from $100/300 to $10/20 and at the same time her family went from stacking to non stacking, they have three vehicles.  She was in an accident shortly after the switch.  She suffered four herniated discs in her neck and she needs spine surgery.  Before the switch, she would have had $100,000 per person x 3 = $300,000.00 available to her in UM coverage – this amount would have more than covered the cervical spine surgery.  Now, after the switch, she only has $10,000.00 available to her in UM coverage, even added to the mandatory $10,000.00 of PIP coverage, - this will not cover the surgery.  She was hit by an uninsured motorist.  Needless to say, she is not happy about her choice to save a little by decreasing her rates and by switching from stacking to non stacking.  

The Takeaway:  Do Not try to save money by scrimping on your UM coverage - in the long run you will save so much more by having it.  Find another place to save money – and if you price compare – you'll find that having UM and having stacking UM doesn't really add a lot to the price of your car insurance.

For more information or a free consultation on your legal issue contact The Law Offices of Charles D. Scott PLLC, your injury law and family law attorneys, at 727-300-4878. http://www.yourstpetelawyers.com

Legal Notice

This notice applies to all content on this web site as well as the Florida Law Blog. The law firm of The Law Offices of Charles D. Scott, PLLC practices law in Florida only, and only accepts clients for legal matters within the State of Florida. This web site and the Florida Law Blog are owned and operated by S & F Media LLC. Visitors to this site should not rely on any information contained within this site when making legal decisions or handling legal matters. This site does not constitute legal advice. Always seek the advice of a lawyer before making any decision or taking any course of action on any legal matter. The hiring of a lawyer is an important decision that should not be based solely upon advertisements. Before you decide ask us to send you free written information on our qualifications and experience.

READ OUR PRIVACY POLICY

This website is owned and operated by S&F Media, LLC

Contact The Law Offices of Charles D. Scott PLLC

St. Petersburg, FL Office
1135 Pasadena Avenue South, Suite 104
South Pasadena, FL33707


P. 727-300-4878

Connect With Us