Pet Insurance in New Mexico

New Mexico pet insurance laws

State law treats pet coverage as a type of property insurance, as set out in New Mexico Statutes § 59A-7-4 (2017). On the national regulator chart, this statute appears as related activity, not as a standalone pet insurance law. Since no statute here focuses on pet insurance, general property and casualty insurance law governs pet policies, which are reported as inland marine coverage.

No state pet law sets standard rules, so the terms in your policy set the coverage details. Before you buy, read through the sample policy to see how it deals with these key rules:

• The waiting period: the number of days after buying a plan before coverage begins paying for vet care.
• Free-look period: Soon after purchase, you have a short window to cancel for a complete refund.
• Pre-existing condition: Policies usually exclude an injury or illness that your pet had already shown signs of before coverage started.

New Mexico insurers that offer pet insurance plans

Several insurers publish their availability throughout all 50 states:

• You can find Nationwide plans in every one of the 50 states, plus Washington, D.C.
• Spot offers plans throughout all 50 states.
• ASPCA Pet Health Insurance has plans for sale in all 50 states.
• Coverage from Embrace is offered in all 50 states.
• Trupanion serves each of the 50 states, D.C., and Puerto Rico, with some products and discounts possibly unavailable to particular people in particular states.
• You can get AKC Pet Insurance coverage in all 50 states. Some features aren't available everywhere.

A dog's national average accident and illness premium is $836 a year, or $70 monthly. Cats have a national average accident and illness premium of $435 a year, or $36 a month. Those numbers cover the whole country, not New Mexico, and the state share of insured pets is not given. The national insured shares are 5.99% for dogs and 2.29% for cats. Your quote depends on the ZIP code, the breed, the age, and the species of your pet.

Steps for filing a New Mexico pet insurance complaint

The Office of Superintendent of Insurance regulates state property and casualty insurers and handles consumer disputes. First, contact your insurance company in writing about a denied claim, billing problem, or cancellation.

If your insurer leaves the problem unresolved, you can submit a report through the Office of Superintendent of Insurance complaint page. Save copies of your policy contract, your vet records, and your emails so you can attach them to the complaint you file.