If you are in a collision that causes more than $750 worth of damage, what must you do within 10 days?

Study for the New Mexico Permit Exam. Prepare with flashcards and multiple choice questions. Ace your exam with our detailed hints and explanations!

When involved in a collision that results in damages exceeding $750, it is crucial to report the incident to the Department of Motor Vehicles (DMV). This requirement is in place to ensure that all relevant data is collected for safety and accident statistics, as well as to maintain accurate driving records. Reporting the collision to the DMV also helps in managing insurance claims and potential legal implications arising from the accident.

Filing a police report and notifying your insurance company are important steps to take, but they do not specifically meet the statutory obligation within the 10-day timeframe set by state laws regarding damage reporting. Additionally, while contacting the other driver may be beneficial for resolving the situation, it does not fulfill the mandatory reporting requirement to the DMV.

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