When you’ve been injured in a bike accident, it may result in medical bills, lost work, or other major impacts on your quality of life. You may start thinking, “Who is going to pay for all this? What insurance covers bicycle accidents?”
In New Mexico, coverage for bicycle accidents can be provided by various insurance policies. Understanding these coverages is important for both cyclists and drivers who may be involved in accidents with bicycles. Here are some insurance types that may cover bicycle accidents in New Mexico:
Auto Insurance – Liability Coverage: If a motorist is at fault in a car-bicycle accident, their liability insurance may cover the cyclist’s injuries and property damage. New Mexico law requires drivers to carry liability insurance, including coverage for bodily injury and property damage.
Uninsured/Underinsured Motorist Coverage: If a cyclist is involved in an accident with an uninsured or underinsured driver, the cyclist’s own uninsured/underinsured motorist coverage may come into play. This coverage is mandatory in New Mexico, unless rejected in writing. Uninsured/Underinsured Motorist Coverage is highly recommended given the large number of uninsured and underinsured drivers in New Mexico.
Health Insurance: Cyclists can use their personal health insurance to cover medical expenses resulting from a bicycle accident. This includes hospital stays, surgeries, and rehabilitation costs.
Homeowners’ insurance: Home insurance, such as homeowners’ or renters’ insurance, may provide coverage for bicycle accidents, but the coverage can vary based on the specific policy and circumstances. Home insurance typically includes personal liability coverage that extends beyond incidents that occur on the insured property. If a cyclist is involved in an accident away from home, the personal liability coverage may offer protection. Some home insurance policies include medical payments coverage, which pays for medical expenses for injuries sustained by others on the insured property or as a result of the policyholder’s activities. This coverage may extend to injuries resulting from a bicycle accident. Home insurance policies typically cover personal property, including bicycles. If a bicycle is damaged or stolen, the policy’s personal property coverage may provide reimbursement, subject to policy limits and deductibles.
Umbrella Insurance Coverage: Some individuals may have umbrella insurance policies that provide additional liability coverage. If the liability limits of other insurance policies are exceeded, an umbrella policy may kick in to compensate bicyclists for injuries they suffered.
Specialized Bicycle Insurance: While less common, there are insurance policies specifically designed for bicycles. These policies may cover theft, damage, and liability in accidents. Cyclists who frequently ride and invest in high-value bicycles may find such coverage beneficial.
Medical Payments (MedPay) Coverage: This is optional coverage that can be part of an auto insurance policy. It covers medical expenses for injuries sustained in an accident, regardless of fault. Cyclists can use MedPay to cover immediate medical costs.
It’s essential for cyclists to check their existing insurance policies and, if necessary, consider additional coverage to ensure adequate protection in the event of a bicycle accident.
Additionally, New Mexico law requires drivers to exercise caution around cyclists, and cyclists are subject to traffic laws. Seeking legal advice from a professional, especially if involved in an accident, can help navigate the complexities of insurance claims and potential legal actions.
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Have you been involved in a bicycle accident and are unsure about your rights or available insurance coverage? Look no further—Prince, Schmidt, Baca & Woods, LLP is your seasoned Santa Fe personal injury law firm, specializing in bicycle accident cases and insurance coverage matters.
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Bicycle Accident Expertise: Our team of dedicated attorneys possesses a wealth of experience in handling bicycle accident cases. We understand the unique challenges faced by cyclists and are committed to ensuring you receive the compensation you deserve for your injuries and losses.
Insurance Coverage Specialists: Navigating insurance coverage after a bicycle accident can be complex. We specialize in unraveling the intricacies of insurance policies, ensuring you have a comprehensive understanding of your coverage, the insurance of others involved, and pursuing maximum compensation.
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Our Services:
👉 Bicycle Accident Claims: If you’ve been injured in a bicycle accident, our experienced attorneys are here to guide you through the legal process. We investigate thoroughly, gather evidence, and advocate relentlessly to ensure your case is strong.
👉 Insurance Coverage Matters: Understanding insurance policies is our expertise. We help you navigate through the complexities of insurance coverage, making certain that you receive the full benefits you are entitled to under your policy.
Don’t Navigate the Legal Landscape Alone!
Whether you’re dealing with injuries from a bicycle accident or grappling with insurance coverage matters, Prince, Schmidt, Baca & Woods, LLP is here to provide the legal support you need. Our compassionate and skilled team is ready to champion your cause and secure the best possible outcome for you.
Call 505-982-5380 to schedule a free consultation with our bicycle accident experts at Prince, Schmidt, Baca & Woods, LLP. Pedal with confidence knowing we’ve got your back!
