With the one-year anniversary of Sandy just having passed, many policyholders are asking how long they have to sue their carrier. Be careful. Many insurance policies contain limitations periods that shorten the general six-year statute of limitations for breach of contract in New Jersey. Such provisions are enforceable both in New Jersey and in New York. Contractual limitation periods may be tolled during the investigation of a claim by a carrier, but the limitation period begins to run again once the investigation is complete and the carrier has apprised the policyholder of its full and final determination of the claim. Peloso v. Hartford Ins. Co., 56 N.J 514, 267 A.2d 498 (1970).