Fred Loya Automotive Insurance Class Action Settlement New Mexico Only
Class Eligibility
Individuals covered by an insurance policy issued by Fred Loya in New Mexico after Feb. 2, 2006 and signed a UM/UIM rejection form before Jan. 31, 2011. This means that passengers who were in the car at the time of the accident may also be eligible to make a claim.
NOTE: Policyholders who settled a UM/UIM claim and signed a final release are not included in the Loya Insurance class action settlement.
Estimated Amount
Varies
The settlement will pay eligible Class Members the UM/UIM benefits due to them for medical expenses, lost wages, and/or property damage resulting from that accident, up to the insurance policy limits, multiplied by 150 percent. For example, if you would have received $5,000 for medical expenses, lost wages and/or property damage covered by UM/UIM insurance through a Fred Loya insurance policy, your payment from the class action settlement would be $7,500.
If any other entity (such as Medicare, Medicaid, a hospital, a health insurance company or another auto insurance company) paid any of your medical expenses resulting from the auto accident, they may have a claim against you. In this situation, your class action settlement payment may be delayed, reduced or paid to the other entity.
Proof of Purchase
N/A
Class Members may be asked to provide medical or employment information in order to be eligible for payment from the Fred Loya Insurance class action settlement.
Case Name
Warlock v. Loya Insurance Company
Case No. D-202-CV-2012-01260
Second Judicial District Court of New Mexico
Case Summary
In this class action the plaintiffs alleged that Fred Loya’s uninsured/underinsured motorist coverage (UM/UIM) rejection forms did not adequately explain a policyholder’s options before selling them their policies. The plaintiffs allege these rejection forms did not meet the requirements under New Mexico case law and that the affected policyholders should have their policies reformed to include UM/UIM coverage equal to liability limits./p>
The defendants deny the allegations in this class action lawsuit but agreed to the class action settlement to avoid the cost and risk of a trial.
Settlement Pool
N/A
Settlement Website
Deadline
06/20/2015
Contact
Fred Loya Settlement Administrator
P.O. Box 10117
Dublin, OH 43017-3117
1-855-382-6398
info@WarlockInsuranceSettlement.com
