How Much Your New Mexico Car Accident Lawsuit May Be Worth
Since the process of my legal counsel values honesty and transparency, I want to inform you that it is challenging and unethical to tell a potential client how much his or her New Mexico car accident lawsuit may be worth in a blog post.
As a Las Vegas, NM car accident lawyer, I can tell you, however, that there are a few guidelines regarding what you might be able to request depending upon the circumstances of your case.
Financial Compensation Available for Car Accident Injuries
Civil courts in New Mexico allow injured parties or surviving family members, in matters of wrongful death, to negotiate a settlement or file a lawsuit to recuperate damages for their financial, physical, and emotional losses.
Damages is the legal term that refers to monetary awards. There are three types of damages in a car accident lawsuit: economic, non-economic, and punitive.
Here is a little more information as to what each type is below:
Economic damages are your direct, measurable losses. They include things like:
- Medical expenses
- Lost wages and benefits
- Travel to and from doctors’ appointments
- Physical and psychological therapy
- Lost future earning capacity
It is vital that you save your receipts, invoices, and statements since they are the documents that I submit to insurance companies and courts to prove your out-of-pocket expenses if you hire me as your car accident attorney in New Mexico.
Non-economic damages are the more challenging aspect to measure since they relate to emotional, physical, and cognitive losses.
They include injuries related to:
- Physical pain and suffering
- Mental anguish
- Loss of enjoyment of life
- Loss of companionship
There are a few strategies that I use when approaching negotiation discussions or civil courts in this area. Typically, courts will evaluate your total non-economic damages based upon the severity of your injuries.
Punitive damages are not often awarded in New Mexico personal injury lawsuits. They are reserved for making an example of defendants, who exhibit the grossest acts of negligent or reckless behavior.
Simply put, judges award them to plaintiffs in an effort to “punish” defendants deserving of additional action. There are no damage caps as to how much you can recuperate for punitive damages in New Mexico.
A New Mexico Car Accident Law Firm Can Help You Understand What to Anticipate
As you can see, there are several aspects of estimating personal injury and wrongful death lawsuits arising from a car accident in New Mexico. However, working with a car accident lawyer in your area understands the local attitude of courts and what you might be able to anticipate for your losses.
If you are considering what your legal options are, I highly recommend contacting my office as soon as possible. There is a statute of limitations that governs the timelines by which you have to file a claim in New Mexico.
I offer injured parties the opportunity to discuss their case over a no-obligation strategy session to understand your unique circumstances better and how I can help you. Request yours today by calling (505) 587-8649 or sending me a note through my confidential contact form.