Stacking vs Non Stacking Insurance

clik search: Stacking vs Non Stacking Insurance


eHow. com
Food
Home
Style
Money
Family
Health
Shift
More
Saving & Spending
Budgeting
Budgeting
Banking
Credit
Cards
Loans
Real Estate
Buying a Home
Home Loans
Selling a Home
Careers
Career Advice
Land the Job
Work for Yourself
Insurance
Insurance Basics
Auto Insurance

Stacking vs Non Stacking Insurance

Stacking vs Non Stacking Insurance


Stacking vs Non Stacking Insurance

Stacking vs Non Stacking Insurance


Auto Insurance
Life Insurance
Retirement
Get Started
Plan Ahead
Make It Last
Taxes
Tax Time
Tax Tools
Tax Talk
This Season TailgatingNew Year, New YouTax Time
Home Personal Finance Auto & Vehicle Insurance Comprehensive Car Insurance Information Stacking Vs. Non-Stacking Insurance
Stacking Vs. Non-Stacking Insurance
Print this article The option to stack auto liability coverage can be beneficial, if the option is available. The stacking insurance option applies specifically to uninsured and underinsured motorist coverages and is only available in some states.
Related Searches:
Uninsured and Underinsured Motorist
Uninsured and uninsured motorist coverages are commonly sold as single limits. For instance, the policyholder might carry $100,000 per person, $300,000 per accident with $100,000 in property damage, or 100 300 100. However, coverages can also be sold as combined single limits (CSLs), such as $300,000 CSL, meaning that the coverage will insure up to $300,000 per person, per accident and for property damage.
Non-Stacking Coverage
Uninsured and underinsured motorist coverages that are non-stacked are simply the coverages that are selected on the policy, whether single limits or combined single limits. Therefore, if the policy carries 100 300 100 for uninsured and underinsured motorist coverages, the insurance carrier will only pay up to the those amounts for any damages or injuries. If the damages or injuries exceed the policy coverage, the policyholder will either be required to pay the difference or can sue the at-fault party for the difference.
Stacking Coverage
Stacking coverages allow the policyholder to increase the uninsured and underinsured motorist coverages when the current limits are not enough to insure the damages and injuries. In most cases, the policy must insure more than one vehicle to be available as an option. The stacking option allows the policyholder to stack one vehicle s coverage on top of another vehicle s coverages to double the coverage. For instance, assume a policyholder insures two vehicles on one policy that has stacking options with 100 300 100 uninsured motorist. The driver can stack the vehicle coverages to $200,000 per person, so if injury costs are $150,000, the additional $50,000 of injury expense will be insured. Likewise, the combined single limit coverage of $300,000 would double to $600,000 if the $300,000 was not enough coverage.
Considerations
Only 30 states permit the stacking coverage option, and each state has its own restrictions as to how the stacking overage can be used. In addition, some insurance carriers do not offer the stacking even though the state permits it. It is important to speak with your insurance carrier for the available options. Carriers that provide the stacking option charge an additional premium for the coverage. As a result, a policy with stacking coverages may be slightly more expensive than one without it.
Related Searches
References
Insure: Stacking Your UM UIM Auto Insurance Coverage

CarInsurance: What is Stacking as Related to Car Insurance in Florida?

Read Next:
Print this article
Comments Follow eHow
Follow @eHow

Related Ads
More Photos
New Year, New Career: Jobs in Growth Industries
Related Articles & Videos
Stacked Vs. Non-Stacked Car Insurance
Stacked Vs. Non Stacked Insurance
Stacked Vs. Unstacked Insurance
How to Make Cloth Matryoshka Dolls
Stacked Vs. Unstacked Auto Insurance
What Is Insurance Stacking?
What Is Stacking Insurance Coverage?
How to Replace a Belt on a GE Spacemaker Washer and Dryer
Is Car Insurance Stacking Worth It?
About Problems With Life Insurance
More Follow Us Twitter Facebook RSS
Slideshows

More Photos
Paying Off Your Plastic


More Photos
Kids With Cash: 10 Highly Paid Celebs Under 20


More Photos
The World s Top 7 Billionaires
Others Also Viewed
What Is Stacking Insurance Coverage?

What Is Stacked Auto Insurance?

Is Car Insurance Stacking Worth It?

What Insurance Is Available to the Permanently Disabled?

Liability Auto Insurance

ehow. com About eHow
How to by Topic


Stacking vs Non Stacking Insurance

Stacking vs Non Stacking Insurance


VIP Insurance Agency Inc Transportation Intermediaries