More details to this question:
When you have 250/500 UM stacked on two vehicles and an umbrella excess UM 1 million policy, does it make sense to have stacked UM or non-stacked coverage? Other than stacking coverage is there a difference I would be covered in an accident vs not covered
1 ANSWER
Consumer Debt Collector Harassment & Abuse Attorney serving Tampa, FL
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This is an underwriting question to be addressed by your insurance agent or finaincial planner. The obvious reasons to to have stacked coverage is UM covers only up to $500,000.00 with 2 vehicles and Umbrella UM (which I have never seen offered, as opposed to BI liability) might have different coverage provisions or benefits vs. statutory UM. As a rule insurers HATE to write UM because they are forced to provide coverage for a risk they cannot assess (other drivers) and like PIP, place them in a position where they have no "win" when a claim is made.
Answered on May 07th, 2024 at 9:10 AM
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