Definition of Statute of Limitations
The statute of limitations is the amount of time the plaintiff has to file a personal injury claim. The statute of limitations differs depending on the type of claim and the state. For example, in Texas a claimant has two years to file a personal injury claim, four years to file a claim for fraud, one year to file a defamation or libel case, two years to file a personal property claim, and two years to file a product liability case.
Claimants who do not file their injury claims before the expiration of the statute of limitations will lose their right to compensation through a personal injury lawsuit which can include payment for future and present lost wages, future and current medical expenses, pain and suffering and under some conditions punitive damages. Talk to a personal injury lawyer who is familiar with the statutes of limitations in your state if you have questions about how long you have to file an injury claim.