Stacking refers to a practice where an insured can combine the accumulated insurance limits of liability from multiple policies or vehicles. This increases the total amount of coverage available for a specific claim, providing greater financial protection in case of an accident or loss.
Here are some key points about stacking:
Understanding stacking is important for ensuring you have enough coverage and protection in case of an accident or loss. Always talk to your insurance agent to explore your options and find the best approach for your needs.
At PSIC, our policy allows for more than one insurance policy on the same property as long as they cover different situations. For example, you can have Homeowners and Flood insurance for the same property. Another case is when you increase your liability limits through Umbrella insurance.
Remember, you can always increase the coverage limit for both the dwelling and your personal belongings, as well as your liability coverage, using the endorsements provided by the policy.
If you need help figuring out how much coverage you need, we recommend talking to your insurance producer. They can guide you through the process and ensure you have the right protection for your situation.
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Privacy Notice at Collection for CA employees
Last updated: June 27, 2023
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