Critical Deadlines

Statute of Limitations & Deadlines

Don't lose your right to compensation. Learn about critical deadlines for vehicle depreciation claims.

2 Year Absolute Deadline

Vehicle depreciation claims MUST be filed within 2 years from the accident date. After this period, you permanently lose your right to claim. There are no exceptions!

Important Deadlines

Insurance Company Application

Accident + 15 days

Initial application period to opposing party's insurance. This is recommended, not legally required.

Insurance Company Response Time

Application + 15 days

Legal deadline for insurance company to respond. If no response, you can apply to Arbitration.

Insurance Arbitration Application

2 years (statute of limitations)

You can apply to Insurance Arbitration Commission within 2 years from accident date.

Lawsuit Filing Period

2 years (statute of limitations)

You must file a lawsuit within 2 years from accident date. This deadline is absolute and must not be missed!

Ideal Timeline

Accident Day

Prepare accident report
Take photos
Collect witness information

Days 1-7

Keep repair invoices
Schedule expert appointment
Lawyer consultation

Weeks 1-4

Get expert report
Complete documents
Submit insurance application

Months 1-3

Wait for insurance response
Settlement negotiations
Apply to Arbitration if needed

Months 3-12

Arbitration process
Or lawsuit process
Compensation collection

Do This

Collect documents immediately after accident
Apply within 6 months at the latest
Note all dates
Keep all correspondence
Get lawyer consultation

Don't Do This

Don't wait until the last minute
Don't lose documents
Act before 2 years pass
Don't accept insurance offer immediately
Don't rely on verbal agreements

Check Your Deadline

If your accident occurred on January 1, 2024, your deadline is January 1, 2026. We recommend starting the process at least 6 months before the deadline.

Accident Date

Day X

Recommended Start

Day X + 1-6 months

Absolute Deadline

Day X + 2 years

Frequently Asked Questions

How many days before the 2-year deadline should I apply?

We recommend applying at least 3-6 months before. Document collection, appraisal and application processes take time. Last-minute applications may face issues.

Are there situations that stop the statute of limitations?

In case of injury, the limitation period may extend to criminal statute of limitations (8-15 years). Written negotiations with insurance company may also pause the deadline.

When should the expert report be obtained?

Ideally obtained before or right after repair. Reports obtained long after repair may be weak as evidence.

How is the accident date determined?

The date on the accident report is used. If no report exists, documents like insurance notification or hospital records can be used.

Can I apply after 2 years have passed?

Unfortunately no. The 2-year statute of limitations is absolute and you cannot claim rights after it expires. This is why acting early is critically important.

Statute of Limitations & Deadlines

2 Year Absolute Deadline

Important Deadlines

Insurance Company Application

Insurance Company Response Time

Insurance Arbitration Application

Lawsuit Filing Period

Ideal Timeline

Do This

Don't Do This

Check Your Deadline

Frequently Asked Questions

Related Topics

Don't Lose Your Rights!

Statute of Limitations & Deadlines

2 Year Absolute Deadline

Important Deadlines

Insurance Company Application

Insurance Company Response Time

Insurance Arbitration Application

Lawsuit Filing Period

Ideal Timeline

Do This

Don't Do This

Check Your Deadline

Frequently Asked Questions

Related Topics

Don't Lose Your Rights!