Anti-Stacking Provisions
Categories: Insurance, Investing, Regulations
A quick pre-test: anti-stacking provisions deal with what general subject?
a) Pancakes
b) Legos
c) Jenga
d) Insurance
The answer could probably be "all of the above" depending on your house rules about legos and Jenga. But for the purposes of financial terms, anti-stacking provisions relate to insurance. Specifically, they prevent different deductibles from applying to a single insurance event.
You might have multiple insurance policies. These plans might overlap, covering some of the same type of events. If one of these events takes place, you don't want to have to pay the deductible on each of the policies before the insurance kicks in. The anti-stacking provision avoids this problem. The rules state that only one deductible will count for the particular event.
