Uninsured and Underinsured Motorist Coverage

What is Uninsured and Underinsured Motorist Coverage?

Uninsured and underinsured motorist coverage is a critical component of your auto insurance policy designed to protect you in the event of an accident with a driver who either lacks insurance or has insufficient coverage.

New Mexico has one of the highest rates of uninsured motorists in the United States. Recent data shows that approximately 25% of drivers in New Mexico are uninsured. This high rate makes UM/UIM coverage a vital protection for all drivers in the state.

Several New Mexico cases have shaped the application of UM/UIM coverage. In Gonzales v. State Farm Mutual Automobile Insurance Company (2003), the New Mexico Supreme Court affirmed that UM/UIM coverage extends to injuries sustained even if the insured is not in a vehicle at the time of the accident. This case highlights the broad protection offered by UM/UIM coverage and reinforces its importance.

High Uninsured Motorist Rates in New Mexico

Stacking UM/UIM Coverage

New Mexico law allows for stacking UM/UIM coverage, which means that if you have multiple vehicles insured under the same policy or across different policies within your household, you can combine these coverage limits. This stacking can significantly increase the available coverage in the event of a serious accident.

Coverage Follows You

One of the primary benefits of UM/UIM coverage is that it follows you wherever you go. This means if you’re injured by an uninsured or underinsured motorist—even if you’re not in a vehicle—your UM/UIM policy can provide the necessary financial protection.

When Does UM/UIM Coverage Apply?

Uninsured and underinsured motorist coverage can be applied in a variety of situations, including:

- Hit-and-Run Accidents: If you’re involved in a hit-and-run accident where the at-fault driver flees the scene, UM/UIM coverage can help cover your medical expenses and damages, even if the responsible driver cannot be identified.

- Accidents with Uninsured Drivers: If you are injured by a driver without insurance, your UM/UIM coverage will step in to provide compensation for medical bills, lost wages, and other damages.

- Excluded Drivers: In cases where the at-fault driver is excluded from the vehicle’s insurance policy, UM/UIM coverage can still be applied to cover your losses.

- Drive-By Shootings: UM/UIM coverage can even apply in rare cases such as drive-by shootings where the responsible party may be uninsured or underinsured

Why Choose Lobo Law Firm for Your UM/UIM Claim?

At Lobo Law Firm, we are a dedicated personal injury law firm with extensive experience in handling uninsured and underinsured motorist claims. Our team has successfully recovered millions of dollars for clients who were injured by uninsured or underinsured drivers. We understand the nuances of New Mexico’s legal landscape and are committed to fighting for your rights.

If you or a loved one has been injured in an accident involving an uninsured or underinsured motorist, contact Lobo Law Firm today for a consultation. Let our expertise work for you to ensure you receive the compensation you deserve.

Get your Free Consultation Today

If you or a loved one has been injured, contact Lobo Law Firm today to schedule a free consultation. Let us provide you with the skilled, compassionate representation you need to navigate your personal injury case and secure the justice you deserve.

info@lobolawnm.com
(505) 788-LOBO (5626)

Monday — Friday: 8am — 9pm
Saturday — Sunday: By appointment only

4801 Lang Ave NE Suite 110
Albuquerque, NM 87109

Where your fight for justice becomes our fight.

LOBO LAW FIRM