For example, if you have two vehicles insured under the same policy, each with a $25,000 UM limit, you would have a total of $50,000 in stacked UM coverage. This means that if you are in an accident caused by an uninsured or underinsured driver, you can recover up to $50,000 for your damages, even if the at-fault driver's insurance coverage is less than $50,000.
Stacked UM coverage can be a valuable addition to your auto insurance policy, especially if you live in an area with a high number of uninsured drivers. It can provide you with peace of mind knowing that you have additional protection in case you are involved in an accident with an uninsured or underinsured driver.
However, it's important to note that stacked UM coverage does not guarantee that your car will be fixed by insurance. If the at-fault driver's insurance company determines that your car is a total loss, you will only receive the actual cash value (ACV) of your car, which is the amount it was worth before the accident. You may also be responsible for paying a deductible, which is a set amount of money that you must pay before your insurance coverage kicks in.
If you are not satisfied with the amount of compensation offered by the at-fault driver's insurance company, you may have the option to file a lawsuit against the driver. However, this can be a time-consuming and expensive process, and there is no guarantee that you will be successful in recovering damages.
It's always best to speak with your insurance company to understand the specific details of your stacked UM coverage and to discuss your options in the event of an accident.
