A proof of loss states the facts of the loss, the property or damages involved, and the amount claimed, signed under oath. Policies typically require submission within a defined period after the insurer requests it.
Failure to submit a timely and complete proof of loss can bar recovery.
Alternative Names:
Sworn Proof of Loss, POL
Why it Matters?
The proof of loss is primarily a first-party requirement, and its enforcement varies from strict compliance to a prejudice standard. Where strictly enforced, an incomplete or late submission forfeits the claim regardless of its merit, which is why insurers requesting one should be precise about the deadline and content. Insurers that fail to request a proof of loss generally waive the requirement.
Frequently Confused with
Related terms
Frequently asked questions
What happens if a proof of loss is late?
Can the requirement be waived?
