The Value of a New Mexico Car Crash Claim
The courts in New Mexico allow for injured parties or surviving family, in cases involving wrongful death, to negotiate a settlement or file a suit to recover damages for their financial, physical, and emotional losses. “Damages” is the legal term used to refer to financial awards. There are three primary types of damages available for a car crash suit: economic, non-economic, and punitive.
Economic damages are direct, calculable losses. They include things such as:
- Medical expenses
- Lost income and benefits
- Travel to and from hospital visits
- Physical and psychological therapy
- Lost future earning capacity
It’s crucial that you save your receipts, invoices, and statements because these documents will be submitted to your insurance provider and the courts as evidence of your out-of-pocket expenses if you hire a New Mexico car crash attorney.
Non-economic damages can be more challenging to accurately measure because they relate to emotional, physical, and mental losses.
These damages include:
- Physical pain and suffering
- Mental anguish
- Loss of enjoyment of life
- Loss of companionship
There are some strategies that your attorney can use when going into the negotiations process or when going to court for your damages. Usually, courts will evaluate the value of your non-economic damages based on the severity of your injuries.
Punitive damages are not frequently awarded in New Mexico personal injury cases. They are strictly reserved for making an example of a particularly negligent defendant who exhibits extreme acts of negligent behavior.
More simply, judges award punitive damages to plaintiffs in order to punish defendants who deserve it. There are no damage caps placed on how much a plaintiff can recover for punitive damages in the state of New Mexico.
Our New Mexico Car Accident Law Firm Can Help
There are many aspects to determining the value of a personal injury or wrongful death lawsuit caused by a car crash in New Mexico, but working with an auto accident attorney can give you an edge, and your representative can better anticipate the value of your losses.
If you’re considering your legal options after a serious crash, you should contact Will Ferguson & Associates as soon as possible. There is a statute of limitations that sets a strict timeline on how long you have to file a claim in New Mexico.
Car Crashes in Albuquerque
Car crashes are sudden events that can leave victims with extreme pain and frustration. These collisions often come with significant and costly damages that can greatly impact a victim’s life. Each year, 3 million people nationwide are seriously injured in the aftermath of a serious car accident.
The legal team at Will Ferguson & Associates is here to help you recover the compensation you deserve. Our Albuquerque car crash attorneys have successfully obtained large settlements working for past clients. Contact our offices at (505) 243-5566 if you or a loved one has been unfairly injured in a car accident.
Tags: auto accident vehicle collision New Mexico, car crash injury attorney lawyer in Albuquerque NM, The Value of a New Mexico Car Crash Claim, wrongful death settlement lawsuit compensation New Mexico