NM · regulation notes
New Mexico wildfire insurance & regulation
Paraphrased from official DOI / residual-market materials. Not legal advice — confirm live pages before relying on day counts or dollar limits.
FAIR / residual market
Last-resort limited property (fire, extended coverage, VMM). Actual cash value only; no premises liability. Residential limits in the consumer guide: Protection Class 1–7 up to $750,000; Class 8–10 up to $500,000 (1–4 family). No new business within 50 miles of an active fire until the fire is at least 90% contained.
Non-renewal & notices
Statewide wildfire-specific nonrenewal day counts were not extracted in the research pass — use general NM Insurance Code / policy form and OSI consumer help. The clearest wildfire-specific residual rule documented is NMPIP’s active-fire new-business bar.
Mitigation credits & disclosure
OSI / legislative materials reference IBHS-oriented standards; FAIR applicants may be eligible for mitigation discounts. HB0204 (2026 Regular) would expand model/mitigation filing and discount rules — confirm enactment before treating as law.
Risk-score / appeal path
Get voluntary-market declination documentation; apply via licensed producer with required affidavits. Track OSI bulletins and any enacted HB0204 rules for formal discount/appeal mandates.
Homeowner takeaways
- Expect ACV / limited perils — arrange liability separately if needed.
- Do not expect NMPIP to bind near active fires (50-mile rule).
- Confirm HB0204 status before assuming new discount mandates.