Every car accident is different, the facts surrounding your unique situation determine what damages are available to you after your accident. Depending on the cause of the auto accident, the extent of your injuries, and the property damage involved, you may be eligible for economic, non-economic, and in some cases, punitive damages. Your Albuquerque car accident attorney can help you value your claim.
Economic Damages
Economic damages are damages that have a direct monetary value. Examples of economic damages from an auto accident include medical bills, lost wages, property damage, and lost earning capacity.
Non-Economic Damages
Non-economic damages do not have an explicit monetary value but are valuable nonetheless. Examples of non-economic damages include pain and suffering, loss of enjoyment of life, and loss of consortium.
Punitive Damages
In New Mexico, punitive damages are not awarded in every case, rather they are only awarded when the defendant's actions are deemed reckless and intentional. Punitive damages are intended to punish the wrong-doer and serve as a warning to others to not act in a similar manner.