If an insured is in disagreement with the insurer for settlement of a claim, a suit must begin within
A) 1 year.
B) 2 years.
C) 3 years.
D) 5 years.

Question

Quizplus · Accepted Answer

The insured must begin the suit within three years from the date of loss, according to the statute of limitations. After this period, the insured will lose the right to pursue legal action against the insurer for the claim settlement.

If an Insured Is in Disagreement with the Insurer for Settlement