Cấu trúc & Điều khoản hợp đồngCâu 519 / 531
In the claim process, a proof of loss is best described as:
a.The insurer's formal offer to settle a claim
b.A receipt showing the insured paid the premium
c.The adjuster's written estimate of repair cost
d.A sworn statement of the loss and its amount
Giải thích
The proof of loss is the insured's own signed and sworn statement of the time, cause and amount of the loss and of the insured's interest in the property, and the policy requires it before the insurer must pay. It is not the adjuster's estimate, which is the insurer's own valuation of the same damage, and it is not a settlement offer, which comes later once the claim has been reviewed.
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Câu hỏi liên quan cùng chủ đề
- The entire contract provision in a property and casualty policy means that:
- An applicant says nothing about a fire that destroyed an earlier building at the same location, and the insurer does not ask about it. This is best described as:
- Immediately after a covered fire, which action is a duty the policy places on the insured?
- The insured and the insurer agree the fire loss is covered but cannot agree on what it is worth. Under the appraisal condition:
- The suit against us condition in a property policy provides that the insured may sue the insurer only if:
- After a covered glass loss, the insurer notifies the insured that it will replace the glass rather than pay cash. This is permitted because:
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