What is rejection of stacked uninsured coverage limits? This question is about Stacked vs Unstacked Insurance

What is rejection of stacked uninsured coverage limits?

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This question is about Stacked vs Unstacked Insurance

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@WalletHub • 06/15/21 This answer was first published on 06/15/21. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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Rejection of stacked uninsured coverage limits is when a car insurance policyholder chooses not to combine the uninsured motorist limits of multiple vehicles or policies. In the states where it is available, drivers have the option reject stacked coverage by signing a waiver with their insurer.

The main reason that someone might reject stacked uninsured coverage limits is that it results in a lower premium than stacked insurance. On the other hand, stacking insurance is a great way to safeguard your finances in case you’re hit by an uninsured motorist, so it can often be a good investment.

To learn more, check out WalletHub’s guide to stacked vs. unstacked insurance.

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Should I reject uninsured motorist coverage?

No, you should not reject uninsured motorist coverage unless you have collision insurance and enough medical coverage to pay for your expenses after an accident caused by an uninsured driver. Drivers can reject uninsured motorist coverage in states where it is optional but still has to be offered by insurance companies. For instance, drivers in California, Florida, and Texas can legally reject uninsured motorist coverage. In 21 other states, including New York and Illinois, uninsured motorist...

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Do I need stacked uninsured motorist coverage?

Is stacked insurance worth it?

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