What is proof of loss?

Proof of loss is a sworn written statement that details the amount of damages that you think that you’ve incurred because of the event that occurred to your property. Some insurance policies require, automatically, that an insured has to provide a sworn proof of loss. Other policies say that the insured has to provide it only if requested. So to begin with, it’s important to realize the difference and to know whether you must do that or whether it’s only at the insurance company’s option. But, in either case, if you have to do it or if the insurance company requests it, it’s important that you comply because this is a post-loss condition that if you don’t do, the insurance company may deny you coverage.