Understanding Statutes of Limitations

We live in a world of deadlines. We need to pay our bills, submit offers and complete work by certain dates or we forfeit our right to receive the benefit of accomplishing these tasks on time. Sometimes a late response can cost us additional money and sometimes a late response can cost us an opportunity. While deadlines tend to cause stress in our day-to-day lives, without deadlines we would see very little closure in our lives. Regardless of whether a deadline is met or missed, deadlines provide us with an opportunity to move on in life. The same is true when you are involved in an accident.

When you are involved in an accident and want to pursue an accident claim, time is of the essence. Just like many other areas in our lives, there are deadlines you must meet to file an accident claim. The maximum amount of time you have to file a claim is known as a statute of limitations. Statutes of limitation vary for different lawsuits and in different states. An accident lawyer will be able to advise you and help you file your claim in a timely manner.

Failing to file a claim within the time period allotted for your lawsuit may terminate your right to recover damages if someone else is liable for your accident or injuries. Therefore, if you are pursuing an accident claim, it is important to seek the advice of an experienced accident lawyer soon after your accident so you can file your claim before the statute of limitations runs out.

Statutes of limitations usually begin immediately after the incident occurs; however, in some instances, the statute of limitations does not begin until the plaintiff knows or should have known about the negligence or fault of another party. In instances where a person has a delay in discovering the harm or negligence, statutes of limitations can be tolled, or extended.

Statutes of limitations are also tolled for minors. If a minor experiences an incident that causes them injury or harm, the minor will have a chance to pursue legal action when they turn 18.

If you experienced an accident that caused you personal injury or significant damages, always seek the legal advice of an accident lawyer immediately so you do not risk losing your right to fair compensation due to the passing of time.