Johnson v. North Carolina Farm Bureau Insurance

ARNOLD, Chief Judge.

Plaintiffs argue that N.C. Gen. Stat. § 20-279.21 and the two Farm Bureau policies provide for underinsured coverage under these facts and that the trial court erred by ruling otherwise. We disagree.

An underinsured motor vehicle is “a highway vehicle with respect to the ownership, maintenance, or use of which, the sum of the limits of liability under all bodily injury liability bonds and insurance policies applicable at the time of the accident is less than the applicable limits of liability under the owner’s policy.” G.S. § 20-279.21(b)(4). Underinsured insurance is…