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10 Cards in this Set
- Front
- Back
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Mandatory minimums and limits
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UIM - not required, can get up to liability maximum
UM - required minimum $25,000. An out of state driver with less than $25k UM will be deemed uninsured *At-fault drivers are not entitled to recover, even from their own policies UM or UIM may only have coverage up to the limits of liability |
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UIM, UM, Liability?
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Can recover UIM+Liability from the same policyt
Cannot recover UM+UIM |
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Who may stack?
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Class I insureds only may stack: named insured, resident spouse, resident relative
residency must be more than transient in nature Class II's (permissive users and guests) may reach back to their at home vehicles and get their UM |
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Measuring vehicle
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Vehicle involved in the accident. An individual "has" a vehicle in the accident when the individual owns a vehicle in the accident. But ownership is not required to stack, only must be a Class I.
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Stacking limits
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UM coverage for uninvolved vehicles may not be stacked in an amount greater than $25,000. UM coverage over that amount is considered excess and may not be stacked.
Any more money needed will come from excess coverage or UIM coverage |
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UIM may not....
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owner of vehicle involved in accident with NO UIM may NOT reach back to at home vehicles with UIM to obtain coverage
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Class IIs
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Permissive users and guests.
May get their own UM coverage and reach back to at-home UM with no limits. |
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No insured vehicle
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If none of the insured's vehicles is involved in the accident, coverage is available only to the extent of coverage on any one of the vehicles with excess or UIM coverage.
Don't own the car in the accident? --> get UIM and excess coverage on the vehicles involved. |
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Class I insured with UIM coverage
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Class I insured with UIM coverage on the car involved in the accident in excess of the basic statutory limits may stack UIM coverage from other policies in an amount EQUAL to coverage on the measuring car.
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25/50/25
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$25,000 per person (Liability)
$50,000 per occurrence $25,000 (property, UM, UIM or something) |
