Vehicle Insurance 02

Question 1

1. What is a DISADVANTAGE of Stacked Insurance?

Answer 1

you’ll likely pay more for uninsured/underinsured coverage in exchange for the added protection.

Question 2

2. What is UNSTACKED INSURANCE?

Answer 2

unstacked insurance coverage treats each vehicle’s coverage separately, no matter how many cars you insure. If you’re struck by an uninsured/underinsured driver, your policy can cover expenses up to the UMBI limit you chose for the vehicle you’re driving.

Question 3

3. What is an advantage of UNSTACKED INSURANCE?

Answer 3

you’ll likely pay a lower car insurance premium in exchange for lower single-incident limits.

Question 4

4. What is a disadvantage of UNSTACKED INSURANCE?

Answer 4

Your uninsured/underinsured limits could be too low to cover your post-accident expenses.

Question 5

5. Is STACKING allowed in Florida?

Answer 5

Yes, ACROSS POLICIES and WITHIN ONE POLICY

Question 6

6. Comprehensive Physical Damage Coverage

Answer 6

Comprehensive physical damage coverage covers a loss from risks other than a collision including but not limited to hitting a deer, fall objects, water damage, fire, lightning, wind, vandalism and can also include glass coverage.

Remember that you must add comprehensive physical damage coverage to your auto insurance policy because it is not part of a basic insurance policy.