If you have been injured in an accident, it is important to know the statute of limitations for personal injury claims in your state. In New Mexico, the statute of limitations is a strict deadline that determines how long you have to file a claim against the person or entity responsible for your injuries. Failing to file a claim within this deadline could result in you losing your right to seek compensation for your damages. This article will explore the details of the statute of limitations for personal injury claims in New Mexico.
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What Is The Statute Of Limitations?
The statute of limitations is a time limit set by state law that determines how long you have to file a civil lawsuit. This applies to all types of lawsuits, including personal injury claims. The statute of limitations exists to ensure that cases are brought to court while the evidence is fresh and witnesses are available. It also prevents claims from being brought against people or entities after a certain amount of time has passed, so they can move on with their lives without the constant threat of a lawsuit.
The Statute Of Limitations For Personal Injury Claims In New Mexico
In New Mexico, the statute of limitations for personal injury claims is three years. This means that you have three years from the date of the accident or injury to file a lawsuit against the person or entity responsible for your injuries. If you do not file a claim within this time frame, you will lose your right to seek compensation for your damages.
There are some exceptions to this deadline. For example, if you were a minor at the time of the accident, the statute of limitations may be extended until your 21st birthday. Another exception is if the injured party was not aware of the extent of their injuries until a later date. In this case, the statute of limitations begins on the date that the injury was discovered or should have been discovered with reasonable diligence.
Why Is It Important To File A Claim On Time?
Filing a personal injury claim within the statute of limitations is vital if you want to seek compensation for your losses. If you miss the deadline, you will not be able to pursue the case and will lose your right to seek compensation for your damages. You must file within the deadline to ensure that your case is heard in court and that you have a chance to receive payment for your losses.
What Happens When The Statute Of Limitations Has Passed?
When the statute of limitations has passed, you can no longer file a lawsuit against the responsible person or entity. This means that you will not be able to seek compensation for your damages even if you have substantial evidence to back up your claim. However, it is important to note that the responsible party may still be held accountable for their actions and may face legal consequences.
Conclusion
The statute of limitations for personal injury claims in New Mexico is a strict deadline that determines how long you have to file a claim against the person or entity responsible for your injuries. Failing to file a claim within this deadline could result in you losing your right to seek compensation for your damages. It is important to file a claim on time to ensure that your case is heard in court and that you have a chance to receive payment for your losses. If you have been injured in an accident, it is important to consult with a personal injury attorney to ensure that you file your claim within the statute of limitations.