NM businesses eligible for $2M in coverage in disaster areas from state’s ‘last resort’ insurer
The FAIR Plan operates as the insurer of “last resort” in the state, offering coverage only to those unable to secure coverage in the private insurance market due to natural disasters. Until recently, the plan offered only $1 million in commercial coverage.
The FAIR Plan operates as the insurer of “last resort” in the state, offering coverage only to those unable to secure coverage in the private insurance market due to natural disasters. Until recently, the plan offered only $1 million in commercial coverage.
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