Stacking is the cumulation of coverages for multiple vehicles or policies to increase the benefits available for recovery. How and when it may be done befuddles counsel and courts alike.
Coverage is usually stacked vertically or horizontally. The ability to stack personal policies with business policies is limited. Each policy may have its own eligibility requirements and the policy may limit stacking. Exclusions, statutory limitations, and setoff rights may affect the extent to which stacking will be effective. Some states even permit policyholders to waive stacking.
When stacking is incorrectly opposed by the insurer, the injured party may claim the insurer has failed to adequately investigate or has acted unreasonably or improperly and assert a claim for bad faith denial of benefits. Failure by plaintiffs to fully identify all sources of coverage could leave the injured party uncompensated.
Listen as this experienced panel guides counsel through the perplexing issues related to stacking UI/UIM policies, focusing on key jurisdictions and current trends.
Credit Information
This 90-minute webinar is eligible in most states for 1.5 CLE credits.
Live Online
On Demand
Date + Time
event
Tuesday, September 6, 2022
schedule
1:00 p.m. ET./10:00 a.m. PT
Outline
Introduction and overview on UI/UIM
Types of stacking
Intra-policy stacking
Inter-policy stacking
Business and personal policies
Policy and statutory conditions
Eligibility
Exclusions
Setoffs
Waivers
Strategies for policyholders
Strategies for insurers
Benefits
The panel will review these and other pivotal issues:
What causes the most confusion when stacking policies?
Who is allowed to stack insurance policies and what policies can be stacked?
What setoffs apply to benefits? Can setoffs lower coverage below statutory minimums?
Is there a "right to be wrong" when stacking UI/UIM policies?
