The Importance of UM Insurance, Uninsured Motorist Insurance Coverage, Underinsured Motorist Insurance Coverage and Stacking UM Insurance Coverage

Underinsured Motorist Insurance Coverage and Stacking UM Insurance Coverage

Did you know that when you purchase automobile liability insurance you have the option of purchasing additional insurance to protect yourself against other drivers that do not have adequate coverage in the event of an accident? This optional coverage is called under insured/uninsured UM insurance and it is designed to provide you protection in the event that you are injured due to the negligence of another who lacks proper insurance coverage for the injuries that they cause to you and your loved ones.

We often hear tragic cases where a person is injured or killed in an automobile accident where the person that caused the accident has limited insurance coverage or no insurance coverage at all because their insurance policy has lapsed. In these cases, if the person was injured and does not have UM coverage, then they may have no recourse at all to obtain compensation for their injuries, to pay medical bills, to replace lost wages or to compensate them or their families for their damages.

Did you know that if you elect to stack your UM coverage then you can multiply your UM policy limits by the number of vehicles that you stack together? For instance, if you elect UM of $100,000.00 and stack two vehicles together then in the event of an accident you will have $200,000.00 of coverage to protect yourself, your family and any occupants of your vehicle from an uninsured driver.

When you purchase automobile insurance it is extremely important that you obtain adequate limits of insurance to cover yourself in the event of an accident. This includes obtaining adequate underinsured/uninsured motorist coverage (UM) as well as the stacking of UM insurance, if you have more than one motor vehicle.

Purchasing UM insurance as well as electing stacking are defensive planning mechanisms that should be considered by all persons purchasing insurance policies, because you never know what the other driver on the road will do and how well or poorly they may be insured.

This might be a good time for you to review your UM insurance policy to make sure that you’ve obtained adequate UM coverage as well as stacking of UM coverage to protect you and the ones you love.

Experience makes all the difference.  If you need help or just have a question we invite you to contact us today for a free initial consultation.  You can take comfort in the fact that everything that you tell us will remain completely confidential and if we accept your case you will never pay us even a penny unless we win money for you from a jury verdict or a settlement.  You can contact us 24/7/365.  We are available to meet with you anytime and anywhere.