Trump appears to be taking the position that a "virus" exclusion that does not mention "pandemics" is not a reason to deny coverage.
If you own or operate a New Mexico small business, you have likely lost customers and income due to the coronavirus pandemic and associated restrictions. Are you entitled to make an insurance claim to cover some or all of your losses? The answer will depend on the terms of any coverages on you...
When you pay premiums for an insurance policy, New Mexico law recognizes that you and your insurance company have formed a binding contract. If the insurance company fails to hold up its end of the bargain, you have the right to sue for breach of contract.
Have you heard of stacking? This is a legal principle that your insurance company doesn’t want you to know about.
An unfortunate fact of life in New Mexico is that many drivers do not carry the legally required insurance. Because of this, the law requires automobile insurance companies to offer uninsured and underinsured motorist coverage, also called UM/UIM coverage.
Insurance bad faith is a general term that refers to a variety of violations committed by insurance companies. As a policyholder, you have certain rights when it comes to first-party coverage. Many of these are contained in the New Mexico insurance code. Others come from case law or are promulgated by the New Mexico Superintendent of Insurance.