"Stacking" a Good Way To Increase Your Insurance Coverage
December 31st, 2016
| Michael A. Lombardo, III
“Stacking” is an auto insurance concept that is unfamiliar to most people, but it can help provide you with needed coverage if you are hurt in an accident. Stacking comes into play when you are purchasing uninsured motorist (UM) or underinsured motorist (UIM) coverage as part of your auto insurance policy. Uninsured motorist coverage protects you if you are injured in a car accident and the responsible party doesn’t have any insurance to compensate you. Underinsured motorist coverage protects you if you are in a car accident and the responsible party doesn’t have enough insurance to fully compensate you.
If you purchase UM/UIM coverage, you can choose to buy it either on a “stacked” or “unstacked” basis. That means if you have multiple vehicles insured under your policy, and you elect stacking, you can add up, or “stack,” the coverage from each vehicle to create a larger pool of insurance coverage if you are hurt in an accident. Usually it doesn’t cost more to stack your coverage, and it could provide crucial coverage if you are hurt in an accident.
Bear in mind, many people drive around these days with minimal insurance coverage. All you need to do is turn on the television and you can see insurance companies advertising insurance coverage for less. While cheap insurance seems like a great way to cut costs, if you are injured by someone with minimal coverage and you haven’t chosen UM/UIM coverage, you could be left without enough insurance to cover your damages. The only real way to protect yourself is to make sure you have adequate UM/UIM coverage. If you can afford it, it’s also a good idea to choose stacking to increase your available coverage.
Credit: Michael A. Lombardo, Esq.
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Hourigan, Kluger & Quinn is considered one of the top civil litigation and commercial law firms in Northeastern Pennsylvania. The firm’s Personal Injury Team, led by Attorney Joe Quinn, has won some of the largest verdicts and settlements in the region's history, totaling over a half billion dollars on behalf of injured clients. HKQ Law was recently recognized for one of the top 20 Verdicts in Pennsylvania, 2015.
The Personal Injury Team focuses on a wide array of personal injury claims and civil litigation, including medical malpractice, auto and truck accidents, aviation accidents, unsafe vehicles, dangerous or defective products, workplace injuries (worker's compensation), construction site accidents, claim denials by insurance companies, dangerous drugs, defective children's products, nursing home abuse and neglect, and falls due to unsafe conditions (slip and fall).
Attorney Joseph A Quinn is one of only 100 attorneys in the United States (and one of only three in Pennsylvania)
honored with membership in the Inner Circle of Trial Advocates, and one of only 500 attorneys worldwide chosen to be a Fellow of the International Academy of Trial Lawyers. He has been a Pennsylvania Super Lawyer every year since the program began and has been listed in The Best Lawyers in America every year since the publication was established in 1987. Best Lawyers also named him top personal injury attorney for Northeastern Pennsylvania and the Lehigh Valley. In addition, Best Lawyers, in conjunction with U.S. News & World Report, has designated HKQ a Tier 1 Best Law Firm for personal injury and medical malpractice litigation in Northeastern Pennsylvania and the Lehigh Valley.
Since the inception of the firm, the Commercial / Corporate Team led by Attorney Allan Kluger has provided comprehensive, integrated legal services to many of Northeastern and Eastern Pennsylvania's largest corporations, businesses, banks, non-profits and institutions, handling matters involving labor and employment, wills, trusts and estate planning, estate administration, elder law, commercial transactions, residential and commercial real estate, zoning, land use and development, telecommunications, mediations and arbitrations, commercial litigation, title insurance, business planning and business succession, corporate/business structuring, employment discrimination law for employers, banking, creditor’s rights, finance, lender liability defense, covenants not to compete, construction law, mergers and acquisitions and other business matters.