What is the Statute of Limitations for Commencing a No-Fault Arbitration in New York?
As with all New York breach of contract actions, the Statute of Limitations is six years from when the claim accrues.
A claim accrues under New York No-Fault upon:
1. The date of each of the carrier's denial of benefits (NF-10) or
2. If no denial has been issued, thirty days after the claim has been submitted to the carrier provided that no verification of the claim has been requested.
There is, of course, an exception to the six-year statute of limitations. No Fault claims against the Motor Vehicle Accident Indemnification Corporation (commonly referred to as MVAIC) have to be commenced within three years of accrual.
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