“Stacking”-sounds like something you do with firewood or kid’s blocks. But in personal injury and automobile accident cases, it may mean more money available for the injured victim. Stacking” refers to multiplying the available insurance coverage by the number of insurance policies. Under Missouri law, uninsured motorist coverage has “stacked” for many years. An example will help to make this clear(er):If you are injured in an accident with an uninsured motorist, and you have auto insurance in Missouri, by law you have at least $25,000 in uninsured motorist coverage. However, if your injuries are severe, $25,000 doesn’t go far. But, if you have more than one policy, the coverage stacks. For example, if you have 3 policies, you would have at least $75,000 in uninsured motorist coverage.While this has been the law in Missouri for years, liability policies have not stacked. Liability coverage is that coverage which is purchased to cover injuries caused by a driver. Again, Missouri law requires that every driver carry at least $25,000 in coverage. In a decision handed down by the Missouri Supreme Court last week, the Court has declared for the first time that such coverage stacks, at least to the amount of the statutory minimum coverage. Again, an example may make this clearer:If you are injured by a driver who has liability insurance, the maximum the insurance company will be required to pay (if your damages support such an amount) is the sum of the policy limit on the involved vehicle, plus the minimum $25,000 coverage existing on each other insured vehicle. So, if the vehicle involved in the collision has a policy limit of $50,000 per accident, but has 2 other vehicles insured, then you may be able to collect up to $100,000 from that insurer ($50,000 + $25,000 + $25,000).This is a major change in Missouri law that clearly benefits victims of motor vehicle crashes. If you or a family member has been injured in an auto crash, please call The Law Offices of Todd N. Hendrickson for a free consultation at 314-721-8833.
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