A lot of TV lawyers have taken out billboards around Houston claiming that limitations will soon run on Hurricane Ike claims. "The End is Near." Well, maybe... At best, the billboards are misleading.
Lawsuits may contain different causes of action. For example, in the insurance context, there are breach of contract claims, insurance code violations and breach of the duty of good faith and fair dealing. Each cause of action will have a separate period of limitations that may begin on separate time periods. While there are separate time periods for separate causes of action, you can only recover once for the same damages.
If you think you have an insurance claim, it is best to have an attorney review your facts and determine when the various statutes of limitation apply to your case.