What is the statute of limitations for insurance claims?

The statute of limitations for insurance claims in South Dakota depends on the type of claim being filed. Generally, a person must file any type of civil claim within three years from the time the claim arises. This deadline includes claims made against insurance companies. However, there are certain types of insurance claims in South Dakota that have specific statutes of limitations. For instance, claims for property damage or personal injury must be filed within two years from the date of the incident, or within two years from the date when the injured party knew or reasonably should have known of the injury. Claims against an insurer for failing to pay a valid claim must be brought within two years. In addition, South Dakota has a six-month statute of limitations for any claim related to consumer protection laws. This includes claims related to unfair or deceptive acts or practices by an insurer. Finally, it’s important to note that even if you have missed the statutory deadline, you may still be able to file a claim or pursue a legal remedy outside of South Dakota’s statute of limitations. However, any legal action taken outside the statute of limitations may not be successful and so it’s important to file claims as soon as possible.

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What is the statute of limitations for insurance claims?

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