Uninsured Motorist Car Insurance explained by Florida Lawyer Matt Powell

Uninsured Motorist Car Insurance explained by Florida Lawyer Matt Powell

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I am going to explain how and why Uninsured
Motorist Insurance is the best insurance you can buy to protect you and your family. There are two types of Uninsured Motorist
insurance, Stacked and Non-Stacked. The best one for you to buy is
“Stacked” Uninsured Motorist Insurance and I will explain why in a minute. But first, let me explain how UM insurance works. It will pay for your damages if you get
in a crash with an at fault driver who does not have ANY Bodily Injury Insurance,
which is called an Uninsured Motorist. Or it will pay when the at fault driver does
not have ENOUGH Bodily Injury Insurance, which is called an
Underinsured Motorist. And just so you know, in Florida, motorists are
not required to carry Bodily Injury Insurance. About half the cars on the road don’t carry it. This is why UM insurance is so important. If you get in a wreck with someone who
does not carry Bodily Injury Insurance and you don’t have Uninsured Motorist insurance, you will likely be out of luck because there will
not be any insurance to pay for your losses. Now let me explain the difference
between Stacked UM and Non-Stacked UM. When you own more than one car, and
you purchase Stacked UM insurance, you get to add or “Stack” the UM policies. For example, let’s say you own two cars, and have coverage
of one hundred thousand dollars per car, and if you are in a wreck, then you can stack the two coverage’s and
receive up to two hundred thousand dollars. One hundred for the first car and
one hundred for the second car. Often times, people will ask
me, since I only own one car, so why should I buy Stacked UM since I don’t have
another car to stack the coverage on top of? And the answer to this question is the most important
reason of why you want Stacked UM coverage. Stacked UM should also be
called Follow UM coverage. Because the coverage follows
you wherever you go. For example, if you have Stacked UM and you are Driving
someone else’s car and get in a wreck, your UM follows you and you are protected. If you are a Passenger in someone
else’s car, you are covered. If you are a Pedestrian, or
riding a Bike and a car hits you, you are still covered since your
Stacked UM coverage follows you. So Stacked means it
follows you everywhere. My friend says Stacked UM will protect you even if
you are in a submarine and you get hit by a car. So now you know why
stacked is so important. Now if you only carry Non-Stacked UM, then you can only recover
benefits from your policy if you are in a wreck while
in your insured vehicle. It does not follow
you like Stacked UM. And the other benefit of Stacked UM
insurance, as I mentioned earlier, is that whatever the UM policy
limits are for each of your cars, the limits are added together or
Stacked on top of each other. This is where the term
Stacked comes from. So five cars, with one hundred
thousand dollars of UM on each car, will provide you and your family with five
hundred thousand dollars worth of coverage. And another important fact you
need to know about UM insurance, whether it is stacked or not, is that
if you are in another vehicle you own and it does not
have UM insurance, you are NOT protected even though you have
UM on all your other vehicles. You will not be covered if you are in the
one car that does not have UM coverage. Now, some people say, if I have health and disability
insurance why would I need UM too? And the answer to this is simple. Let me explain by using an example. Let’s say you are in a car crash
and the windshield breaks, and you lose vision in both of your eyes
from the glass hitting you in the face. Your medical bills will be
paid by your health insurance. And your disability
insurance will pay you only two thirds of your lost
wages until retirement age. But you won’t get a single Penny for the
non-economic damages you will suffer, such as the loss of your ability to enjoy life. You will not recover One Cent to help
you cope with the loss of your vision and the added expenses and
frustrations of being blind. So UM covers some of the non-economic
losses you would suffer. It is important to be aware that most auto insurance
companies don’t like to sell UM insurance. But the State of Florida requires
them to make you sign a form rejecting it if you don’t want to buy it. The insurance agents usually
don’t explain the UM very well, and may say to you we will
give you Full Coverage. But what they really mean by this,
is that they are selling you the Minimum Insurance
required by Florida Law. Let me tell you this. I am a board certified civil trial lawyer. And you need to know that Full
Coverage is not a legal term. There is no exact definition
for Full Coverage. This is just a saying that
an insurance agent will use so they don’t have to explain in detail what you
do or don’t have as far as insurance coverage. So don’t be fooled by
the term full coverage. Make sure you get Stacked UM coverage
to protect you and your family. When you ask your insurance agent
about purchasing UM insurance, you will be told that you can only buy as much
UM as you carry in Bodily Injury Coverage. That is a correct statement. Another important fact to keep in mind, is that insurance policies differ, so you must read yours to find out
exactly what is and is not covered. If you have more questions about this
information, I suggest three things: One, speak to your insurance Agent and make sure he or she is able
to answer all of your questions. Two, read your policy, and Three, call my office if
you still have questions. Thank you for watching this video. I hope you have found it
helpful in understanding what Uninsured Motorist
Insurance is and how it works.

39 thoughts on “Uninsured Motorist Car Insurance explained by Florida Lawyer Matt Powell

  • DogmeatFilms Post author

    Thank you so much Mr. Powell!

  • Aronfeld Trial Lawyers Post author

    Wow. I am very impressed by your video series. Excellent work.

  • Family Fun and Kids Entertainment Post author

    great info

  • Ro7068 Post author

    Thank you. I never understood UM insurance before this wonderful video. Thank you.

  • MattLaw Post author

    Recently someone asked me this very good question: "if you have UM stacked and it follows you, why does it not follow you in another car that you own?" The answer has to do with the fact that the insurance company does not get to charge you any premium for the car that you own, but did not purchase UM. So their position is that you should purchase UM on your other vehicles if you want it to cover you in those cars. But each policy is different and should be read carefully.

  • yerksyodle Post author

    Thank you – you cleared up a lot of questions for me.  Now I can move forward with making decisions on my policy!!

  • bddemers Post author

    Hello Mr. Powell. I have two vehicles. Only one has stacked UM. The other does not have UM at all. I have SF Ins. My agent and a claims agent say that I am covered in my vehicle with no UM because my other is stacked. I need to review my policy. They claim it is stated that way in the policy. 

  • Jonathan Wainsztein Post author

    excellent explanation.  you make it very easy to understand.

  • Warren Perry Post author

    thank you!

  • Matt Horton Post author

    Thank you for an excellent video on this subject.  Well done.

  • Dawn Smith Post author

    Thank you. great video.

  • Ashley D Post author

    Great info and much needed. I'm a chiropractor and I myself had a hard time understanding it. I knew I needed it but I didn't know the specifics.

  • chincha12 Post author

    Excellent! Great explanation and now i feel confident in what i'm buying. Thanks!

  • Jim Wagner Post author

    What if I have my own health insurance? Its required by law now so everyone should have it! It should cover any hospital bills, why pay twice?

  • LordGryllwotth Post author

    Shit! Uninsured? Hard to understand! I have some kind of unlimited health insurance for me and others + it pays for the damage of the other drivers car. But not the damage for my car.

  • Agape N Post author

    I watched this video six months ago and chose stacked on my Florida Geico plan for 1 vehicle. When renewing my policy a few days ago, I decided to call Geico to determine if stacked for them meant what is said in this video. The associate spoke to a supervisor and said that it did not and that stacked is good for multiple vehicles but not for 1 vehicle. He said that Personal Injury Protection will be what pays damages if harmed as a pedestrian. I appreciate these videos but I think the policy holder of 1 vehicle should contact his/her insurance company before selecting the stacked option. I saved myself approximately $50 by selecting non-stacked this time around.

  • Gage Smith Post author

    if stacked UM coverage "follows" you into another vehicle like someone else's per say. Why is it that it wouldn't follow you on a vehicle without UM coverage on your policy? Is this more of an exclusion because it should have it?

  • Dorothy More Post author

    I am still trying to understand UM/UIM as It was explained to me, that this only paid if you get hurt in your vehicle; by an accident caused by another, who is uninsured or not insured at all. The payment on (the UM) after your claim on the under/uninsured, then your pip maxed out /then your personal heath insurance/ medicare maxed out only then UM kicks in. I am trying to understand this; as many people I know opt out.

  • Rob Wassel Post author

    matt, excellent job articulating the differences between Stacked and non-stacked insurance!

  • Rob Wassel Post author

    matt, question – if i currently hold non-stacked at 100-300, and I intend to change to Stacked, do you recommend a.) keeping the same amount (100-300), or decreasing (due to now stacking)? the rates apparently increase quite a bit by stacking. Also, since my wife and kids (2) are driving in the car frequently, what do you recommend for Stacked with 3-4 occupants? Would I need more coverage due to the # of auto occupants? – Rob

  • Mimi Richardson Post author

    I have a question, if we have Stacked UM on an auto policy with 100/300 limits, and a motorcycle with minimum limits, will the UM from the Auto still follow the motorcycle policy?

  • Jeff Curran Post author

    Collusion between lawyers, insurance companies, and government regulators. This guy is an insurance company salesman. The fact is that in the State of Florida, 60% of your insurance premium costs go to UM. Basically every honest person that buys car insurance in Florida is subsidizing more than half of the people in Florida who buy no insurance at all because they are a bunch of scumbags. And the lawyers, insurance companies, and government regulators feed off of this scam. I'm sick and tired of paying to subsidize the insurance not carried by law breaking, low life immigrants, and domestic cheats. Insurance is legalized gambling. Make the bet. Choose NO to UM and drive with your eyes wide open (including the eyes in the back of your head).

  • Jeff Curran Post author

    Stacked? Exactly. Insurance is stacked in favor of the insurer.

  • Jeff Curran Post author

    Hi Matt, now that I have your attention, I have a scenario to put forth to you. Based upon quotes that I have received it appears that UM is 50 to 60 percent of the average auto insurance premium in Florida. I have noticed that most insurers spread UM across other coverages in order to give the impression that the quote is reasonably balanced across all coverages. I have received a quote from the G company where if I declined UM, my premium was half of all other insurers quotes. When I added UM, the quote was equal to all other insurers. So now I ask for your advice. What is a person to do? UM is driving premiums out of reach of the average Floridian. I have experienced a 35% premium increase in just 3 years. No fault of mine. No accidents, no tickets, my cars continue to depreciate. So why do the premiums continue to increase? UM? Do you have an opinion on how the state of Florida can minimize the burden of uninsured motorists on the general public? I wonder why all of these UMs are able to register their vehicles.

  • Alfredo Sanchez Post author

    QUICK QUESTION: You mentioned not being covered if in the one car that is not UM insured. Whether stacked or not……. But didnt Stacked UM follow you?………………..

  • David Thompson Post author

    I’m sorry, but some of the information here is inaccurate. True, “UM”
    coverage is a very important and everyone should buy the maximum limits
    available. Additionally, “stacked” UM is always the best coverage, even on a
    single car policy. I commend you for expressing how important this coverage is.
    Hopefully your video will encourage more people to buy maximum UM limits and
    stack it. Remember, the Insurance Information Institute estimates that 23% of
    the cars in Florida have no insurance at all. Hard data from the Florida
    Department of Financial Services about two years ago showed that right at 50%
    of the autos with any insurance have $25,000 of bodily injury liability or

    The video states that non-stacked UM only covers you if you are in your
    car. That is incorrect. Non-stacked protects you if you drive another car (not
    owned by you or a resident family member), if you are a passenger in the same
    vehicle, and if you are a pedestrian.

    Additionally, while other parts of the auto policy have an exclusion
    for vehicles with less than four wheels, the UM part does not. 

    If you own a vehicle and it is not insured for UM under that policy,
    then non-stacked UM will not respond; stacked will respond. 

    One particular insurance company writes a separate vehicle on each
    vehicle. It’s very common that the customer elects to buy stacked UM on one vehicle,
    and reject it on the other vehicles. (It’s a bad decision, but it happens a
    lot.) If the customer were occupying a vehicle that was covered by a policy
    with no UM, the stacked UM from the other vehicle WILL respond. 

    I’ve been an insurance agent for over 30 years in Florida and teach
    classes about UM dozens of times per year; even to the Florida Department of
    Financial Services (Formerly the Florida Department of Insurance) on several
    David Thompson, CPCU, AAI, API, CRISPS: I do not sell insurance so I have no agenda here other than to educate consumers.

  • Cypress Home Technology Post author

    I think you just saved my business, Matt. My insurance company has given me the wrong policy 8 times over the past 3 months. They call me about every 2 weeks to apologize because they made another mistake and have to change my coverage to a different plan. As of now, I am so concerned that my business doesn't have the correct vehicle coverage and was pushed into signing a non-stacked insurance policy. When I asked what this was they told me it was just an extra cost that I didn't need. I have been served with the most unknowledgeable people ever and I'm at odds with what to do.

  • guyfroml Post author

    If I have a Cadillac medical insurance policy that covers me and everyone in my family, and also have a high coverage comp & collision policy, do I really need UM if I don't ride anyone in my car who is not under my medical/hospitalization policy??? As I understand it, if I have a great hospitalization/medical policy, my UM does not pay out a cent unless something is not covered by my Blue Cross policy. So, it sounds as if I'm paying for a UM policy that is duplicate coverage and will never pay out anything.

    But, I do want to thank you for doing an excellent job explaining UM.

  • Jay Snead Post author

    Thank you for explaining this … A+

  • radix3d Post author

    While UMI is important, what about other types of auto insurance. Let's say you have a relatively low net worth, and if I were sued I don't have much to lose. Do I need other types of insurance? Where should I draw the line? More isn't always better from a budgeting perspective.

  • Cindy Antiquey Post author

    Thank you for video

  • Vittoria Ventura Post author

    "Vote Rick Scott out of office!!"

  • Light Web Apps Post author

    Thanks for the valuable information. Very well explained.

  • Howie47 Post author

    In my opinion, Car insurance shouldn't be mandated by the state! Everyone should be free to drive on the highways without insurance, except for commercial vehicles. IF, people want to be insured, they can buy insurance for themselves and their vehicles. Lawsuits also should not be allowed because of accidents. Because as far as the law goes. It's everyone drive at their own risk. Laws and punishments already exist to curb reckless driving. It can even easily be argued that insured motorist are encouraged to drive more recklessly because of their coverage! Auto Insurance is a shameful scam put upon the poor buy a scandalous relationship between the Insurance industry and government. Fla. used to have State Insurance for 50. dollars a year. The Insurance Industry sued and took it to the Supreme Court. Who ruled Fla.'s State run insurance was illegal. Now you would be lucky to get Insurance for 50. a mouth in Fl. And I know how crocked the insurance industry is, because my father sold insurance for years. And used to talk at the dinner table how they scammed the poorest people. America has no shame.

  • packrcch Post author

    my car was totaled by a uninsured motorist two years ago. he had no insurance and i had only liability so we both lost our cars and got nothing from insurance. does it make sense to seek compensation after two years?

  • Antonio Fernandez Post author

    SO HELPFUL! Thank you

  • Maxwell Davidovich Post author

    Great video. Very concise. Tyty

  • Abcdefg Post author

    Can you stack PIP insurance?

  • tony metas Post author

    Great info. Thanks Matt. I've lived in FL for 26 years now and have had 2 cars totaled by at fault drivers who not only had no insurance but were – surprise – broke! My advice of course was to move on since I couldn't get blood from a turnip. What is the legal consequence for these drivers? I've never had anyone who knew what happens to these drivers who just drive away from the scene after causing pain and property damage.. Thanks

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