What is the statute of limitations for filing most insurance claims in Oklahoma?

The statute of limitations is crucial as it sets the timeframe within which a claimant must file a lawsuit to have their case heard in court. In Oklahoma, the statute of limitations varies depending on the type of claim. For personal injury claims, the limit is indeed two years, meaning that the injured party must file their claim within two years from the date of the injury. This allows for proper investigation and legal proceedings related to the claim.

For property damage claims, the statute of limitations is five years. This longer time frame acknowledges that property damage cases may require a more extended period for investigation and resolution. The differentiation in the time limits ensures that each type of claim is treated appropriately based on the nature of the damages or injuries involved.

Understanding these time frames is essential for anyone involved in the insurance industry, including adjusters, as failing to file within the designated periods can result in a loss of the right to seek recovery. Therefore, option B accurately reflects the statutes governing personal injury and property damage claims in Oklahoma.