Legal Question in Insurance Law in New York
Damage estimate time period
After an accident is reported to the insurance company, is ther a timeframe in which an estimate of damages must be done in order to collect from the party at fault?
Asked on 2/08/03, 2:49 pm
1 Answer from Attorneys
David Slater
David P. Slater, Esq.
Re: Damage estimate time period
No. however the insurance company will close its file if they receive no claim within a reasonable time. You have 3 years from the date of occurrence to institute legal proceedings.
Answered on 2/08/03, 3:11 pm
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