It is imperative to know and understand the time constraints and expectations when filing an insurance claim. Each state has its own statute of limitations for policyholders seeking compensation for an insurance claim, and it is imperative for insureds to know their rights and limitations. 

Understanding Statute of Limitations

The statute of limitations is a legal time clock that sets the maximum amount of time one has to initiate legal proceedings from the date of the incident. The Colorado statutes §§ 10-3-1115 and 10-3-1116 outline these regulations. Unfortunately, according to Merlin Law Group, in Colorado, the statute of limitations is complex, and are missing key deadlines, which could result in forfeiture of legal recourse. 

Property Damage Claims

The statute of limitations for property damage claims can vary based on the circumstances and the type of property involved. It is essential for policyholders to carefully review the relevant statutes and understand the specific time limits applicable to their claims.

Policyholders should be proactive in assessing the extent of the damage and initiating the claims process in a timely manner. Understanding the statute of limitations ensures that policyholders can navigate the claims process effectively and preserve their right to seek compensation. 

Pro Claim Tip: Make sure that you start a claim journal when filing a claim. In this journal, be sure to include any and all communication dates and who you communicated with. 


With insurance claims, time is a critical factor. Understanding the insurance statute of limitations in the state your property is located is essential for policyholders seeking to protect their rights and seek fair compensation for property damage. When faced with a property damage claim, property owners should be aware of the specific time limits applicable to their situation and take timely action to preserve their legal rights.

If you find yourself in a situation where you need to file an insurance claim, don’t let time slip away. Act promptly and consider seeking representation to navigate the insurance process with confidence. In doing this, you can be assured that you are within the bounds of the statute of limitations and upholding the requirements for both yourself and the insurance company.