From long-term physical injuries to financial difficulties, dealing with the aftermath of a car accident is daunting. And negotiating with insurance companies can arguably be the most difficult part. However, knowing the best way to insure yourself can make all the difference.
Because serious injuries can occur in even the most minor car wrecks, it’s important to know how to negotiate with insurers in the aftermath of a crash and get the best coverage possible before a crash.
If you’ve sustained injuries in a car accident in Arizona and want to file a claim, contact the Phoenix car accident lawyers at ELG Law. Our team of auto accident lawyers is here to help you safeguard your legal rights and negotiate with insurance companies after an accident.
The Benefits of Stacking Coverage
Stacking UM/UIM coverages means you are able to collect from more than one car insurance policy to receive full payment for your injuries and property damage. Not every state allows this, so ensure you know where your state stands.
Stacking Coverage Example
For example, you own more than one auto insurance policy with UM/UIM coverage. To collect all of the damages, you could make a claim under the UM/UIM coverage of each policy. For example, if you have one policy with $50,000 worth of UM/UIM bodily injury coverage per person and another policy with $25,000 worth of UM/UIM bodily injury coverage, you can collect up to $75,000 for any injury you suffer as a result of a collision with an uninsured or underinsured motorist.
Stacking Provisions
There are different types of stacking depending upon what an insured is attempting to obtain. If multiple coverages exist in one policy, you can combine them with intra-policy stacking. Inter-policy stacking occurs when you combine coverages from multiple policies. When an insured driver tries to stack insurance benefits, then horizontal stacking occurs. Vertical stacking occurs when the insured has coverage in different categories under different insurance policies. The insured then using those benefits qualifies as stacking.
The states that forbid stacking when you’re the driver hit by an uninsured motorist might allow other types of stacking. For example, if you’re a passenger in a car struck by an uninsured driver, you could collect benefits from your driver’s policy. In other words, you could collect from whoever was driving your vehicle. You could also collect from your own policy if the driver’s UM/UIM benefits were not enough to pay for your injuries. So, even though you couldn’t collect from the at-fault driver in this case, you’d still be covered.
Car Accident Lawyer in Phoenix
The best way to ensure your accident claim is successful is to consult your attorney after an accident. Your lawyer will help you organize the facts of your case and act as a liaison to insurance companies. An attorney can also clarify if stacking coverage applies to you. Collaborating with your attorney on these issues will help make your recovery process smooth and stress-free after an accident.
Contact our Phoenix injury lawyers at ELG Law today at (623) 321-0566 for a free, no-hassle consultation.
The post Car Insurance Stacking Provisions appeared first on Escamilla Law Group, PLLC..
source https://www.elgphx.com/car-insurance-stacking-provisions/
No comments:
Post a Comment