I live in MA. Recently I was in an accident where the over driver was at-fault 100% and is not contesting this. I was moderately injured and had several dr appoints and tests for broken ribs and being banged up. I've come to find out that the at-fault driver only has the minimum liability of $20,000 and nothing more. I thought I had prepared for this by buying underinsured motorist coverage in the amount of $20,000 but I am being told that my underinsured motorist coverage would pay only if I had a higher amount than his liability. As an example if I had $50,000 of underinsured motorist and he had $20,000 liability then I could obtain $30,000 of coverage from my underinsured policy. I am trying to find out (1) if this is indeed the case that I only receive underinsured motorist coverage when I have more than his liability police and (2) if it is then how it is possible that someone can buy $20,000 of underinsured motorist coverage in the first place as it would never cover anything and would only be a waste of money.
I thank you in advance for any assistance.