What is the limitation period for home insurance?

The limitation period shall be time beyond which you can no longer take legal action.

This means that if you bring a lawsuit after the limitation period for that lawsuit has expired, it will be declared inadmissible, and therefore it will not be considered.

In terms of of home insurance, the limitation period shall be 2 years.

This period runs from the date of the event that justifies the request (e.g. decision to refuse insurance compensation, legal action by an opposing party).

This means that if you want to claim a right from your home insurance contract in court, you must do so within 2 years from the date of the event that is the basis of your claim.

For example, for a claim for compensation following a dispute, the event underlying the claim is the disaster (fire, water damage, theft, etc.).

This also means that if the insurer wants to claim a right from the home insurance contract in court, it must do so within 2 years from the date of the event that is the basis of its claim.

For example, for a chargeback claim, the event that triggers the claim is the non-payment on the due date.

In some cases, on starting point the two-year period shall apply later than the date of the underlying event the claim for compensation. These cases include:

• When you ask your insurer for compensation for a loss of which you are late aware, the limitation period for your action runs from the day on which you learn that the loss has occurred
• When you claim compensation from your insurer from a third party, the limitation period for your action against the insurer runs from the day you paid the compensation to the third party, or from the day the third party brought a legal action against you
• When the insurer asks you a question and you show reluctance, omission or misrepresentation, the limitation period for the action of the insurer against you runs from the day on which he became aware of the item which was the subject of his request

The limitation period of 2 years may be interrupted by one of the following events:

• Legal action
• Appointment of an expert following a disaster
• Registered letter or e-mailing from the insurer regarding the payment of the premium
• Registered letter or registered electronic mailing of the insured concerning the payment of the allowance

The interruption results in the cancelation of the time already elapsed, and a new period begins to run again from the date of the interrupting act.