What Is Proof of Loss?
A formal, usually sworn statement the insured submits to the insurer documenting the details and dollar amount of a claimed loss.
Proof of Loss across 2 exams
Proof of Loss appears on the following exams. Each defines it in the context candidates are tested on:
- All-Lines Adjuster
- A formal, usually sworn statement the insured submits to the insurer documenting the details and dollar amount of a claimed loss.
- Public Adjuster
- A formal, usually sworn statement submitted by the insured detailing the amount, cause, and scope of the claimed loss, often required within a set period after the loss.