New MexicoWildfire policies would cover related flood damage for five years
For policies issued on or after July 1, 2026, wildfire coverage would include related flood damage for five years after the fire is controlled.
What it does
Policies covering wildfire damage would also cover related flooding, including damage from landslides, mudslides, and similar events, for five years after the fire is controlled.
Argument forPeople could get help with flood damage linked to a wildfire for five years after the fire is controlled.
Argument againstPeople could still have to pay for flood damage that is not linked to a wildfire, because the required coverage applies only to related flooding.
More detail
A policy that covers wildfire damage would also cover damage from related flooding. Related flooding includes damage from landslides, mudslides, and similar events. The policy must cover wildfire damage as a covered loss. This would apply to policies issued on or after July 1, 2026. The related flood coverage would last for five years after the wildfire is controlled.
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Where it stands
- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- Mar 24action postponed indefinitelyLatest
- Feb 5DO PASS committee report adoptedMinor
- Jan 30germane
- Jan 26Sent to Senate Committees' Committee & Senate Conservation Committee & Senate Tax, Business and Transportation CommitteeIntroduced
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