Product liability claims must be filed within a certain period of time. This is known as the statute of limitations. In New Mexico, the statute of limitations on product liability claims and personal injury claims, in general, is three years. Despite having three years from the time you are injured, the sooner you make the claim, the better, as this makes it easier for your attorney to build your strongest case. It also ensures you’ll receive any compensation to which you are entitled as quickly as possible.