New Mexico law creates a hazardous environment in which to construe insurance coverage, complete with landmines for the unwary insurer. Common law and statutory bad faith claims, with attendant recovery of attorney’s fees and punitive damages, may be pursued by insureds who believe an insurance company has failed to give equal consideration to their interests when making coverage determinations. When a decision regarding the availability of insurance must be made, it is important to consult with local attorneys who have the knowledge and experience necessary to provide sound advice.
The insurance coverage team at YLAW has decades of experience in interpreting and applying insurance contracts in New Mexico. From minimum limits personal automobile liability policies through multi-million dollar commercial general liability policies, YLAW is well-positioned to provide opinions regarding the availability and extent of coverage, the reservation of the insurer’s rights and the pursuit of declaratory relief in the appropriate case. Let us help you avoid mistakes that could end up costing you big down the road.