What is meant when the policy states that action against them must be started within two years and one day after the cause of action accrues?

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What is meant when the policy states that action against them must be started within two years and one day after the cause of action accrues?

Asked on June 27, 2009 under Insurance Law, Texas

Answers:

M.T.G., Member, New York Bar / FreeAdvice Contributing Attorney

Answered 12 years ago | Contributor

A cause of action "accrues" on a date that damage or injury is sustained.  This date is important because of the running of what is known as a "statute of limitations", meaning that the lawsuit must be brought within a specific period of time.  Here, you indicate that the statute of limitations listed in your policy is 2 years and 1 day.  Unfortunately, you do not indicate what type of "policy" you mean and who "them" is so it is unclear what "acrual"  means in this context.


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