How much time do you have before you cannot file a lawsuit?
The statute of limitation say the you are given up to this point and if you still haven’t filed a lawsuit, you cannot file a lawsuit anymore. Basically extinguishing your claim.
This is for the reason that they don’t want people filing lawsuits in 10, 20, or 30 years down the line when they could’ve done it in 4 years. This is to speed up the process so it won’t crowd the courts of old lawsuits. Cases are a little bit different. In Florida, car accidents is up to 4 years from the date of accident.
Watch this video for the full details.