Miami-Dade, Broward and Palm Beach Counties have some of the highest incidents of uninsured motorists in the state of Florida and for that matter, in the United States as a whole. Therefore, one of the most important coverages that can be purchased on an auto policy, be it personal or commercial, is uninsured motorist protection.
The maximum amount of uninsured motorist coverage which can be purchased is equivalent to the limit of liability on the auto policy to which the coverage is elected. In other words, if your limit of bodily injury liability is $100,000 per person and $300,000 per accident, then the most uninsured motorist coverage that can be purchased is $100,000 for bodily injury per person and $300,000 for bodily injury per accident. There are 2 forms of uninsured motorist coverage, stacking versus non-stacking coverage. The most common version is non-stacking because it is less in premium, although it is also a lower amount of coverage particularly in a multi-vehicle policy situation. If the non-stacking version is selected, then after the limit of uninsured motorist is exhausted a second vehicle's limits on the policy may not then be utilized. This means that with the more expensive stacking version of uninsured motorist, in the event that the limit of uninsured motorist is exhausted on one vehicle, then a second vehicle on the policy may have its limit utilized in addition to the limit which had been exhausted on the first car. An easier way to think about this is that if you have a limit of $100,000 for bodily injury per person and $300,000 for bodily injury per accident with regard to uninsured motorist coverage, then a two vehicle policy with stacking limits is equivalent to carrying a $200,000/$600,000 limit because after the limit of $100,000/$300,000 is exhausted on the first car, you can then turn to the second vehicle for additional coverage.
For clarification on your policy and circumstances, please give me a call or send me an email so that we may discuss it.
