What is required for stacked Uninsured Motorist Bodily Injury (UMBI) coverage in Florida?

In Florida, stacked Uninsured Motorist Bodily Injury (UMBI) coverage must be equal to the liability limits of the policy. This requirement is in place to ensure that the insured has sufficient coverage in the event of an accident with an uninsured driver. The concept of "stacking" allows policyholders to combine the coverage limits from multiple vehicles insured under the same policy or from multiple policies for a single vehicle. By requiring the stacking limits to be equal to the liability limits, it ensures that the insured is adequately protected, mirroring the level of liability coverage they have in place.

This approach reflects a broader principle within insurance: the amount of uninsured motorist coverage should be consistent with the insured’s overall coverage strategy, ensuring they receive adequate compensation in the case of injuries caused by an uninsured driver. If the stacking limits were to be lower or independent from the liability limits, it could leave the insured underinsured in situations where they rely on UMBI coverage after an accident. Having UMBI coverage equal to the liability limits supports fair protection against the risks associated with uninsured motorists.