Uninsured/Underinsured Motorist (UM) in Florida pays for bodily injuries to you, your family members and any other person occupying your covered automobile, should they be caused by the negligence of an uninsured or underinsured motorist
Uninsured Motorist Bodily Injury pays for medical expenses and lost wages (after your PIP coverage is exhausted) that you and your passengers may incur. This coverage also includes payment for pain and suffering if you have a permanent injury or death. Uninsured Motorist insurance in FL comes in stackable and non-stackable coverage.
The Florida insurance regulator notes that car insurance companies must offer stackable coverage, but may or may not offer a non-stackable option.
Florida law requires that a company add together, or stack uninsured/ underinsured (UM) coverage for multiple vehicles, unless otherwise rejected in writing. For example, if you had 2 cars insured, and each has a UM limit of 50/100 ($50,000 per person/$100,000 per accident). By stacking them you could have up to $100,000 per person/$200,000 per accident available for a claim.
An insured can elect "not" to have their Uninsured/Underinsured (UM) Coverage limits added together (non-stacked) by signing a non-stacked Uninsured/Underinsured Motorist form, pursuant to Florida Statute 627.727.
So in Florida stackable coverage means that you may combine the coverage limits for each automobile insured under your policy. As a second example, say you insure three autos and obtain stackable coverage with limits of $10,000 per person and $20,000 per accident for each auto (known as 10/20 limits). Your stackable, or combined, coverage will total $30,000 per person and $60,000 per accident. The math for this is $10,000 x 3 = $30,000 per person and $20,000 x 3 = $60,000 per accident.
If these policies were non-stackable, then the limit of coverage for each vehicle would be $10,000 per person and $20,000 per accident. Insurance companies may offer non-stackable coverage at a reduced cost, since they will only pay the maximum amount allowed for one insured automobile.
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