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.
If you have been the victim of a crime, you have the right to seek civil justice against the person who harmed you.
Have you heard of stacking? This is a legal principle that your insurance company doesn’t want you to know about.
What is a statute of limitations? It is a law setting a time limit for you to bring your case—or lose it forever.
If you have paid your premiums, you deserve to be treated fairly and honestly by your insurance company. Sadly, when you make a claim, the promises from the television commercials seem to evaporate.
You might expect that in a case with clear liability, the insurance company will quickly offer a reasonable amount of compensation. Unfortunately, this turns out not to be the case.
Do insurance adjusters have to tell the truth? Common sense says that they do. So does the law.
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.
Stalter Law is committed to answering your questions about Insurance Bad Faith and Personal Injury issues in New Mexico. We offer a free consultation and we’ll gladly discuss your case with you at your convenience. Contact us today to schedule an appointment.