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So people won't make all kinds of false claims just to get money from an insurance company. With the dishonesty in society we can't blame insurance companies for wanting proof of loss before paying a claim.

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โˆ™ 2005-11-09 17:47:11
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Q: What is the purpose of the proof of loss in the insurance claim?
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Does renters insurance cover loss of furniture due to landlords negligence?

Yes it would but if it were due to the landlords negligence his liability insurance would cover the loss. Your insurance co will chase the claim against his for you. Place a claim with them.


What are the claim procedure in liability insurance?

The same as any claim. You just call the insurance company and notify them of your loss. If coverage is available then they will assign you a claim number and begin to process your claim.


You recently received proceeds from an business insurance damage claim Are these proceeds taxable?

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How do you make sinkhole claim on insurance?

Just contact your insurance company by phone and report the loss.


What if your neighbors home burned and your home was damaged how can you make a claim with their insurance?

You don't need too. Just make your loss claim on your own homeowners insurance policy. If your neighbor is liable for your loss then your Insurance Company will subrogate the matter for you.


What happens if you can not claim damaged goods on insurance?

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How long before you get an insurance claim check?

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How do you file an insurance claim if you have an equity loan?

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Do you need to sign a proof of loss statement if the appraiser and umpire decide the claim amount or just sign the settlement check to close the case?

You needn't do either as long as you have given the appraiser full right to negotiate your claim on your behalf. Therefore, when the appraiser signs the appraisal aggreement, the appraisal become binding. The case will be closed at that point, with the exception of a coverage dispute which can still be litigated. To answer the question, it is held in many courts that the signing of the appraisal agreement binds the loss and, therefore, there would be no further need for a proof, nor would it be important for the check to be signed. Once your representative (appraiser) has signed the agreement, you are bound to that settlement.


Do I need to pay taxes on an insurance claim payment?

No, the insurance settlement is considered compensation for a loss, not income.


Could I put in a claim to my homeowners insurance company if my above ground pool collapsed?

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What is clams in insurance?

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Will a prior insurance company cover a homeowners claim?

So long as you can establish the loss occurred during the term of the prior insurance policy, yes they will cover the claim.


What does each occurrence mean in liability insurance?

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What is the difference between stop loss and non stop loss insurance claims?

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How does insurance protect against economic loss?

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Do you pay taxes on hazard insurance pay out?

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Do insurance always come out to look at a claim?

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Do you have to pay taxes on an insurance claim from a house fire?

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Are insurance claims from hail damage to home and auto taxable?

No, but you cannot claim the loss on taxes.


What is a formal request made to an insurance company for payment of a loss is called?

Customarily, it is referred to as a "claim".