In Indiana, how long must the insured wait after submitting proof of loss to initiate a lawsuit?

In Indiana, after submitting proof of loss, the insured must wait 60 days before they can initiate a lawsuit against their insurer. This waiting period allows the insurance company time to review the claim and respond appropriately. Furthermore, Indiana law stipulates that an individual has up to 3 years from the date of loss to file a lawsuit if they feel that their claim has been unjustly denied or inadequately settled. This time frame is structured to balance the rights of the insured with the need for prompt resolution of claims, ensuring that both parties have reasonable opportunities to present their case.

The chosen response combines these critical elements: the mandatory 60-day waiting period and the 3-year limit for filing a lawsuit, making it the correct answer for this question.