Pittsburgh PA Insurance Lawyer – Stacking Coverages
Stacking uninsured/underinsured motorist (UM/UIM) coverages means you can collect from either more than one auto insurance policy that you hold, or that you can collect the limits of your policy for each vehicle that is covered by your policy.
There are two scenarios for stacking: First, if you have multiple cars on your auto insurance policy with UM/UIM coverage on each, you can collect the limit of your UM/UIM coverage under as many vehicles as necessary to cover full payment for damages. For example, let’s assume that you are injured and the claim amount is valued at $300,000, and the person at fault has the minimum coverage in Pennsylvania, which is $15,000. You would make a claim against your auto insurance for UIM coverage. Let’s further assume that you have $100,000 in coverage. Those two amounts do not fully compensate you. If you have selected the “stacking” option, and you own two other vehicles, you would be able to recover an additional $100,000 per each vehicle, up to the value of the claim.
The second scenario (assume same facts as above) is if you have more than one policy with UM/UIM coverage, even if they’re from two different insurers. If you have selected the Stacking option, you can make a claim under each policy until all your damages are recovered.
It’s important for people to protect themselves in case they get into an accident with someone who doesn’t have enough coverage, and this option is very affordable on any insurance policy. How much you need depends on whether you have health insurance and whether you want to be reasonably compensated for “pain and suffering,” if you are involved in an accident.
Stacking insurance coverage is a very affordable option that is recommended for all motorists.
Have more questions about Stacking or Insurance? To set up an initial consultation, contact my office at 412-823-8003 or send an email to Attorney Greg Artim