While driving in or around Albuquerque, Rio Rancho or Las Cruces, New Mexico you first must make sure that you have abide by New Mexico law, as far as having your own insurance and an insurance policy underwritten by a licensed insurance provider for New Mexico. You must make sure that before you drive in New Mexico your independent agent has electronically transmitted all of your insurance information to the Mexico Vehicle Department and you have registered your vehicle with all the correct information, including a matching vehicle VIN number. You must make sure that your entire legal bases are covered under New Mexico law, before you cross the New Mexico border.
If you are hit by another driver and it is their fault you must prove that they do not have insurance in New Mexico. You will need to get their name, address and phone number. If all of this information is wrong and they have disappeared then most insurance carriers will say that to get your car fixed, you will have to swallow the expenses.
You are covered under uninsured motorist property damage when damage is done to you by an uninsured motorist, however be aware that hit and run incidents are not generally covered, because you have to have information about the uninsured motorist and prove that they were uninsured. Collision coverage is generally mandatory in many states, but if you do not have collision coverage the uninsured motorist coverage will pay up to a specific amount. This amount is not a lot and the ceiling is generally around $4,000 or less.
According to insurance surveys taken by the Insurance Research council, chances are that if you are hit by an uninsured motorist you can pursue a law suit, but the chances are great that they will not have the money to pay anyway. Your only recourse is to pay for the damages out of pocket.
We can help you with all your uninsured motorist questions, just give our independent agent in Albuquerque, Rio Rancho or Las Cruces, a call today.