That’s right, SOL also stands for statute of limitations – the maximum period which one can wait before filing a lawsuit.
Statute of limitations (SOL), as defined in the Texas Business and Commerce Code §17.565, refers to the 2 year window of opportunity that storm damage victims who have been denied, delayed, or underpaid are permitted to take action against their insurance provider. Beginning from the date the insurance provider made their final decision, policyholders must file action prior to the expiration of their statute of limitations. If the lawsuit or claim is not filed before the statutory deadline, business’ and homeowners forfeit their right to recover expenses or make a claim on storm damages that likely caused significant disruption to their property.
Time is running out. If you have been affected by storm damage, especially from the 2016 hail storms, and are still battling your insurer, April is fast approaching. You could lose your opportunity to fight for the repairs and compensation you deserve. It was estimated that the San Antonio area suffered nearly $2 billion in estimated damages from the April 2016 hail storms, making them the costliest in Texas history.
Don’t be SOL on your SOL. Our proven attorneys are available and can evaluate your case with no strings attached. Don’t hesitate to call us or fill out a contact form for your free case review. Once completed, one of our client specialists will begin assisting you as soon as possible.
Let the team at Phipps LLP help you find peace after the storm.