Final answer:
An insured has a limited time to file a legal suit against an insurer, defined by the statute of limitations, which varies by type of insurance, policy details, and jurisdiction.
Step-by-step explanation:
The time an insured person has to file a legal suit against an insurance company after filing a claim can vary widely depending on the type of insurance, the specific policy, and the jurisdiction under which the policy is governed. However, this period is defined by what is known as the statute of limitations. Generally, the statute of limitations begins at the time the claimant is first able to file a lawsuit, which could be after a claim is denied or after the insurer's decision is made regarding the claim.
For instance, in the Lilly Ledbetter Fair Pay Act of 2009, the law was changed to allow the statute of limitations to reset with each discriminatory paycheck in cases of pay discrimination, thus providing a broader definition of what constitutes an act of discrimination. It is important for the insured to review their insurance policy and consult a legal professional to understand the specific time frame applicable to their case. Failing to file within the statute of limitations generally results in the loss of the right to sue.