UNINSURED MOTORIST COVERAGE
What is Uninsured Motorist Coverage? UM as it is called provides coverage to you and the passengers in your automobile for bodily injury caused by 1) Uninsured drivers, 2) Underinsured drivers, and 3) Hit and run drivers. According to government statistics, 24% of the cars driving on Florida roadways are UNINSURED, and 50% of Florida drivers have limits of less than $25,000 per person for bodily injury.
Your agent is required to offer you UM limits equal to your liability limit and you have the right to accept the limit, reject the limit altogether, or select a different limit.
STACKED vs. NON-STACKED
UM comes in two options, Stacked and Non-Stacked. Stacked UM means that the limits you select are added together for every auto on the policy. For example, if you have three autos and select a UM limit of $300,000, you can STACK the limits of all your autos together for a total UM limit of $900,000 in the event of a loss. Non-Stacked UM means the limit you select per auto is the maximum coverage available to you in the event of a claim. As in the previous example with three autos on a policy and a UM limit of $300,000, in the event of a claim $300,000 is all you would receive if you selected Non-Stacked UM.
UNINSURED MOTORIST COVERAGE AND YOUR UMBRELLA
If you purchased a personal umbrella to extend the liability limits of your automobile policy you have the option to include the extension of limits to your UM coverage as well.
STACKED UM ON A ONE CAR POLICY
You can select Stacked UM on a one car policy. Stacked UM on a one car policy will allow you UM limits to apply to any other vehicle you may insure on another policy such as a motorcycle and/or a RV.