Yes, you have the right to file a car accident lawsuit in New Mexico but there are stipulations, and a lawsuit may not be the fastest, most effective way to collect damages. Most car accidents are settled through the claims process. However, there are scenarios in which you may want to consider a car accident lawsuit:
- Costly damages. Your medical bills, lost wages, and other losses exceed policy limits. Crash victims can sue at-fault drivers personally if their expenses and other damages are above maximum policy limits.
- Can’t settle. An agreement cannot be reached. Sometimes settlement negotiations break down. If the insurance company keeps lowballing the value of your case, your attorney can file a lawsuit that demands the compensation you deserve.
You typically have 3 years from the crash date to file. Once the statute of limitations expires, your claim or lawsuit can be dismissed. An experienced New Mexico car accident attorney can review your situation and explain how the law applies specifically to your case. They can ensure that you meet the legal deadlines and requirements for maximum compensation.
What if the other driver doesn’t have insurance?
Drivers in New Mexico are not required to carry UMBI/UIMBI (uninsured motorist) coverage, but purchasing it is strongly encouraged. When you have UMBI/UIMBI, you are covered if you are hit by an uninsured or underinsured motorist or are the victim of a hit-and-run. If you do not have coverage, you can sue the uninsured driver that hit you for damages, but that rarely works out. Typically, people who do not carry insurance do not have many assets. Therefore, even if you win, you will be unable to collect damages.
No matter who is paying an insurance adjuster, it is always their objective to reject claims and cut settlements to the absolute minimum. An experienced New Mexico car accident lawyer knows this, and they know how to fight back. They typically work for a contingency fee, which means there is no upfront or out-of-pocket expense for their services. If they don’t win, you don’t pay. If you were injured in a New Mexico car accident, contact a lawyer for a free consultation today.