Yesterday, my colleague, Chase Mathis posted a blog regarding a New Jersey case that determined the statute of limitations for flood cases runs one year from the date that policyholder’s proof of loss was denied.
This will allow more policyholders who thought their statute of limitations had run to bring suit.
Accordingly, I felt it was appropriate to post a brief reminder and warning. All Superstorm Sandy flood proofs of loss must be filed by October 29, 2014! Unlike in the past, we do not believe there will be any further extensions. If you have questions or concerns over proof of loss issues, please do not hesitate to contact our offices.