Insurance Policy Limits

The issue of insurance policy limits will come up early in almost every personal injury case in New Mexico.  New Mexico is a relatively poor state.  The great majority of its citizens lack sufficient personal assets to cover significant liability for personal injury lawsuits.   Most personal injury suits will involve a individual defendant.  Whenever this is the case, the first task in any personal injury suit will be figuring out the defendant’s insurance situation as well as your own.

If you are unfortunate enough to have suffered personal injuries due to the negligence of another, hopefully you are fortunate enough that the party has good liability insurance.  Companies will almost always have high policy limits on their insurance coverage.   This would include defendant’s in any number of cases such as Car Accidents involving corporate or business vehicles, any Trucking Accidents,  Nursing Home Abuse, Medical Malpractice, Slip and Fall accidents at business premises, Products Liability, and  Wrongful Death involving any business or corporate defendant.

These coverage issues will be extremely important in the early evaluation of your claims.  The unfortunate fact is that people often suffer extremely serious injuries and even death, and there simply is no or little insurance, and no assets to recover in a lawsuit.   This is very difficult conversation to have with a injured person or the family.