Automobile collisions can be devastating, and the aftermath can be even more stressful when injuries, medical expenses, and lost wages are involved. You may be able to “stack” your underinsured motorist (UIM) and uninsured motorist (UM) policies to receive additional compensation if the other driver does not have enough insurance to cover your damages.
What exactly is Stacking?
Stacking is a legal practice that permits you to combine multiple UIM or UM policies in order to increase the amount of compensation you can receive following an accident. If you are involved in an accident with a motorist who has only $25,000 in liability coverage, you may be able to stack your UIM coverage and receive up to $50,000 in compensation.
Stacking laws in South Carolina
Stacking is permitted for UIM and UM policies in South Carolina, but only if expressly permitted in the policy language. Therefore, you must thoroughly examine your insurance policies to determine if stacking is permitted.
In addition, South Carolina has certain restrictions on layering. Stacking is restricted to policies issued to the same named insured or his/her resident relatives, for instance. This means that you cannot stack policies that are issued to different individuals or entities.
Advantages of Stacking
Stacking UIM and UM policies can offer a number of advantages, including:
- Increased Coverage: Stacking can provide additional compensation to cover your injuries, medical expenses, and lost wages following an accident.
- Protection from Drivers with Little Insurance Coverage: Stacking UIM policies can defend you from underinsured drivers who lack sufficient insurance to cover your damages.
- Peace of mind: Stacking can provide you with peace of mind by providing additional protection in the event of an accident.
How We Can Assist?
At the David W. Martin Law Group, our Greenville personal injury attorneys understand the difficulties you face following an auto accident. We can assist you:
Check your insurance policies to see if compounding is permitted.
- Determine how to maximize your compensation by calculating your damages and analyzing the optimal method for claiming compensation.
- Negotiate with insurance companies to receive equitable compensation.
- Offer legal counsel and representation throughout the entire legal procedure.
Contact Our Auto Accident in Greenville, South Carolina
If you or a loved one have been injured in an auto accident in Greenville, South Carolina, call us immediately to schedule a free consultation to find out how we can assist you following an auto accident.