What is the purpose of a proof of loss form?
The proof of loss form’s purpose is to clearly explain your claim’s reason. It’s your opportunity to present your case and show evidence of the loss.
Keep in mind that this form might be the only account your insurance company sees about the incident, and they may use it to decide whether to move forward with your claim. So, it’s crucial for you to provide detailed and accurate information.
When will you need to submit proof of loss?
There’s a good chance you’ll be asked to provide proof of loss when making a claim. Most insurance companies won’t accept a simple statement from you and give out compensation.
What information is included in a proof of loss form?
The following details are typically included in a proof of loss form:
- Police reports
- Eyewitness reports
- Financial records
- Equipment loss reports
- Dollar amounts for each loss listed above
Although the proof of loss form may be only one or two pages long, providing lots of supporting evidence is critical to a successful outcome.
Let NEXT guide you on your insurance journey
At NEXT, we’re 100% dedicated to small businesses. With 24/7 access to your plans and policies, you’ll be prepared for whatever comes your way. All you have to do is apply online and follow the prompts to access your custom instant quote in 10 minutes.
Start a free instant quote with NEXT.