Lane v. Grange Mutual Companies
Ohio Supreme Court
1Opinion of the CourtH. Brown, J.
An action on a contract is subject to a fifteen-year statute of limitations. R.C. 2305.06. However, an insurance policy may limit the time for an action on the contract to less than fifteen years if a reasonable time for suit is provided. Colvin v. Globe American Cas. Co. (1982), 69 Ohio St. 2d 293, 23 O.O. 3d 281, 432 N.E. 2d 167; Duriak v. Globe American Cas. Co. (1986), 28 Ohio St. 3d 70, 28 OBR 168, 502 N.E. 2d 620, reaffirming Col-vin.
To reduce the time for suit provided by the statute of limitations, an insurance policy must be written in terms that are clear and unambiguous to the…
2Cases cited10 opinions
- King v. Nationwide InsuranceOhio Supreme Court · 1988
- O'Stricker v. Jim Walter Corp.Ohio Supreme Court · 1983
- Faruque v. Provident Life & Accident InsuranceOhio Supreme Court · 1987
- Buckeye Union Insurance v. PriceOhio Supreme Court · 1974
- American Financial Corp. v. Fireman's Fund Ins.Ohio Supreme Court · 1968
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3Cited by86 opinions
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- St. Marys Foundry, Inc. v. Employers Insurance of WausauCourt of Appeals for the Sixth Circuit · 2003
- Shirley J. Thomas v. Allstate Insurance CompanyCourt of Appeals for the Sixth Circuit · 1992
- Retail Ventures, Inc. v. National Union Fire InsuranceCourt of Appeals for the Sixth Circuit · 2012
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