Question

The Legal Action provision in Indiana stipulates that the:

a) insured must wait 60 days after submitting proof of
loss to initiate a lawsuit and has up to 2 years to file

b) insured must wait 90 days after submitting proof of
loss to initiate a lawsuit and has up to 2 years to file

c) insured must wait 60 days after submitting proof of
loss to initiate a lawsuit and has up to 3 years to file

d) insured must wait 90 days after submitting proof of
loss to initiate a lawsuit and has up to 3 years to file

Answer 1

The Legal Action provision in Indiana stipulates that the insured must wait 60 days after submitting proof of loss to initiate a lawsuit and has up to 3 years to file.

Step-by-step explanation:

The Legal Action provision in Indiana stipulates that the insured must wait 60 days after submitting proof of loss to initiate a lawsuit and has up to 3 years to file. This means that the insured cannot immediately initiate a lawsuit after submitting proof of loss, but must wait for 60 days. Additionally, the insured has a maximum of 3 years from the date of loss to file a lawsuit.