PLIllinoismedium
Under the Illinois Standard Fire Policy provisions, within what time period must a suit against the insurer for a fire loss be commenced?
A6 months after the loss
1 year after the loss
C2 years after the loss
D5 years after the loss
Why this is the answer
The Illinois Standard Fire Insurance Policy at 215 ILCS 5/397 contains a 12-month suit-limitation provision: any action against the insurer must be commenced within one year after the inception of the loss. Illinois courts enforce this contractual shortening of the general statute of limitations as a valid policy term. Some endorsements extend this period, but the statutory default is one year.
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