Accrual of Cause of Action
An insured who does not promptly report a claim to his or her insurer, shortly thereafter submit a sworn proof of loss within the time allowed by the policy (usually 60 days), or file suit within a year of the date will be forever barred from making a claim for that loss. White, supra and Basle, supra. The fact that the loss continues, and grows worse over the years, will not create a new “loss” such that the limitation period begins to run again.
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