Proof of Loss. Definition. A formal statement made by the insured to the insurer regarding a claim, especially in property insurance, so that the insurer may determine its liability under the policy.What is proof of loss in health insurance?
Proof of loss refers to the legal document a policyholder files to their insurance company to claim coverage for a loss. Once submitted, this document is reviewed. The insurer determines whether to approve the claim and thereby cover the loss or not.What is a sworn proof of loss form?
A Sworn Statement in Proof of Loss is a document the policyholder may be requested to submit following a property loss claim. The purpose of the Proof of Loss is to obtain a formal statement from the policyholder regarding the true circumstances and scope of the property loss.