The New Mexico Office of Superintendent of Insurance (OSI) published a news release providing information on insurance protections provided by the OSI following the Trout Fire that impacted Grant County.
New Mexico Governor Lujan Grisham issued an Executive Order in response to the fire, which gave the OSI the authority to issue an Emergency Order. The order requires property insurers and health insurers to follow certain protective measures for the next 90 days.
The Emergency Order requires property insurers, including those offering homeowners and auto policies, to provide grace periods for premium payment and claims submission, waive deductibles, postpone cancellations and non-renewals, and suspend late payment fees. Residents should be aware that most homeowners policies provide ALE coverage for displaced policyholders.
Health insurers are required to provide grace periods for premium payments, refill prescriptions early, cover out-of-network services, waive patient cost-sharing and prior authorizations, and cover replacements of essential medical supplies and equipment that were left behind due to evacuations.
The news release can be found here.