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The NM Fair Plan: New Mexico's Insurance of Last Resort

  • Writer: Kim Clark
    Kim Clark
  • Nov 10
  • 1 min read

New Mexicans are losing insurance due to wildfire risk — but the NM FAIR Plan can help. With higher coverage limits, thousands already enrolled, and millions in grant funding for home hardening, this could be your safety net.

 

Facing non-renewal or cancellation of your home insurance due to wildfire risk? You’re not alone—over 10,000 New Mexicans have been dropped since 2021. But there’s hope: the NM FAIR Plan, the state’s insurance-of-last-resort, now offers residential coverage up to $750K, and $10M in grants are available to make your home more wildfire-resistant.

 

Key Stats:

* 13% of New Mexico homes are uninsured—second worst in the nation

* 7,200 residents + 280 businesses already covered by FAIR Plan

* Savings and safety via IBHS mitigation standards

 

Find out more and get started: www.nmpropertyinsurance.com

 

Source: NM REALTORS®



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