What is a statute of limitations?

A statute of limitations is a law that limits the amount of time a person has to file a claim against another person in regards to an accident or injury. In North Carolina, the statute of limitations for personal injury claims is three years, meaning that any legal action must be taken within three years of the accident occurring. Statutes of limitations vary by jurisdiction, meaning the time limit may differ depending on the state you are in. In North Carolina, the statute of limitations for wrongful death is two years from the date of death, and for a product liability claim, it is three years from the date of the injury. Statutes of limitations are important because they ensure that cases are decided on facts and evidence that are relatively recent. If cases are brought to court after the statute of limitations has expired, they can be thrown out. This is why it is important to act quickly and file a claim as soon as possible after an accident has occurred. It is important to note that although statutes of limitations may limit the amount of time you have to bring a case to court, it is never too late to seek legal guidance. Filing a claim and receiving compensation is often the best way to cover the costs and damages incurred from an accident, so it is important to seek legal advice as soon as possible and not wait to file a claim.

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What is a statute of limitations?

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