What is the notification of the loss?

The loss notification is a formal notice from the insured party to the insurer that there has been a type of loss. Many insurance providers have a specific document that must be used to log in to the loss notice, while others simply provide basic data on data that must be included in the notice. While the loss notification form had to be presented in writing, many providers now accept alternative forms of delivery.

The main function of the notification of the loss is to draw attention to the insurance company of the destruction of something that applies to the conditions of the insurance contract. In some cases, this notification precedes the submission of a formal claim. However, many providers will send a representative or adjuster to assess the amount of damage to the insured item specified in the notification of the loss and determine whether the appearance should be claimed. If the adjuster agreed to the statements made in the notification of the loss, the insured series on the spot may help.

In situations where it is necessary to use notifications of losses approved by the Provider, the insured may contact the agent and apply for copies of the form. This is often the case where the provider subscribes different types of insurance coverage and uses a specific format for each type of policy offered to consumers. For example, the destruction of the house may require a notification of the property damage form, while the damage to jewelry would require the form notification of the loss of structured specifically for insured personal effects.

Details of how to correctly inform the insurer in the event of a loss is usually found in the conditions of the fuse itself. Here the insured party will find information about how soon the loss must be reported, the required format and what support data must be included. According to the conditions found in policy, the insure is accepted by the first notification of the loss and that the processing of the subsequent claim is not slowed.

while the majorityIna insurance companies once requested that the notification of the loss should be submitted by the presentation of a paper document by the agent or by post, many providers accept alternatives today. Some are considering verbal notifications in the form of a telephone call between the insured party and the insurer. Others receive notifications by e -mail, and the notification appears in the body of e -mail or as an attachment. As with any type of loss notice, these alternative options must be focused on the correct department or contact in order to be considered properly.