After a car accident, one of the first questions an injured person asks is, “Does the other driver have car insurance?” Per the Insurance Research Council (IRC), a non-profit organization funded by insurance companies to compile and study vehicle and hit-and-run accidents, New Mexico has the dubious distinction of being in the top five states with the highest percentage of uninsured motorist accidents.
Even exceptional drivers are likely to experience one or more car accidents in their lifetime. If that accident occurs in some parts of New Mexico, it is more likely than not that the other party will not have enough insurance to pay for your damages. For a few extra dollars a month, your insurance company can provide uninsured (UM) and underinsured (UIM) coverage to protect you, your passengers, and your assets against the carelessness and lack of regard caused by an at-fault driver who lacks sufficient insurance to pay your claims.
Insurance companies are required to offer UM/UIM coverage in limits equivalent to the bodily injury liability limits you carry. If the carrier offers to reduce or eliminate the UM/UIM limits on your policy, it is required to clearly explain the difference in premium and protection offered. Check to see if your injury liability (BI) limits are equal to your UM/UIM limits BEFORE you sustain injuries and damages caused by another driver.
Attorney Jeffrey Trespel Knows Insurance Law
Attorney Jeffrey Trespel with Will Ferguson & Associates is very familiar with insurance law. He spent sixteen years in the insurance industry before entering law school. He knows how insurance companies operate. He investigates to determine if an insurer has violated statues and codes designed to protect consumers of the sale and servicing of insurance products.
Trespel has successfully handled Insurance Bad Faith claims for individual and corporate insureds. He recently handled a case for a minor who was a passenger in a single car rollover that caused serious injuries, including a fractured back. When the insurance company refused to pay the policy limits, he sued, and the carrier eventually paid extra monies on top of the policy limits.
Other Insurance Bad Faith claims Jeffrey Trespel has prosecuted include:
- Failing to promptly and thoroughly investigate a claim,
- Refusing or dismissing coverage without a proper investigation of the facts
- Refusing to defend the insured against a suit
- Forcing the insured to file a claim in order to the receive payment on the claim
What You Should Know
An insurance company acting in bad faith can harm an insured by exposing them to significant financial risk above and beyond policy limits (including seizure of all assets). Because this potential harm is so great, courts allow punitive damages to be assessed against insurance companies fail to properly adjust claims. At Will Ferguson & Associates, we believe our clients should be dealt with in good faith. We believe they deserve fair, straightforward treatment. We believe our clients deserve respect from the attorneys and the insurance companies on their side and on the other side of the case.
If you feel you have been treated in bad faith by your insurance company, it is important that you partner with an advocate that knows insurance law. Contact Jeffrey Trespel at Will Ferguson & Associates,
1720 Louisiana Blvd. Northeast #100,
Albuquerque, NM 87110
(505) 243-5566 or email us at email@example.com.