The statute of limitations in a long-term disability claim is the time limit within which an individual must file a claim or a lawsuit seeking disability benefits under their policy. The statute of limitations varies depending on the jurisdiction and the specific terms of the insurance policy.
In general, the statute of limitations for a long-term disability claim begins to run from the date on which the insured individual’s right to claim benefits first arises, such as the date of the disability or the date of the insurance company’s denial of the claim. If an individual fails to file a claim or a lawsuit within the applicable statute of limitations, they may lose their right to recover disability benefits under their policy.
It is important for insured individuals to carefully review the terms and conditions of their long-term disability insurance policy and to understand the applicable statute of limitations for filing a claim or a lawsuit. Insured individuals who are unsure about the applicable statute of limitations or who have questions about their rights under their policy should consult with an experienced attorney or a qualified insurance professional.