Stacked vs. Unstacked
For stacked insurance to kick in, you should meet the following conditions:
- You have multiple vehicles, all insured.
- You’re the victim in the accident.
- The other driver doesn’t have insurance.
- The damage cost is higher than the uninsured motorist coverage of any one of your vehicles.
If you have uninsured motorist insurance, then the costs can be covered by stacking the insurance of all your vehicles. But while stacked insurance seems like a great catch, it is costly as compared to unstacked insurance. Furthermore, it is not allowed in some states. Some companies also don’t allow stacked insurance. While profitable, agents need to be mindful when selling stacked uninsured motorist coverage.
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Originally published at https://agencyheight.com on December 17, 2019.