What is the documentation of loss that a policy owner must provide to an insurance company called?

The documentation of loss that a policy owner must provide to an insurance company is referred to as "Proof of Loss." This is a formal statement made by the insured regarding the details of the loss and the amount of the claim. It typically includes information such as the nature and extent of the damages, the circumstances surrounding the loss, and any supporting evidence, such as photographs or repair estimates. Submitting a Proof of Loss is a critical step in the claims process, as it serves as the official notification to the insurer about the claim being made and provides the necessary details for the insurance company to evaluate and settle the claim appropriately.

Other options, while they relate to the insurance or claims process, do not accurately represent the required documentation for making a claim. A Claim Report generally refers to a document that summarizes the details of a claim but is not the formal proof required by the insurer. An Insurance Declaration typically outlines the coverage details, premiums, and conditions of a policy but does not serve as evidence of loss. Loss Assessment pertains to a process where the losses within a group (like homeowners’ associations) are evaluated, again not fitting the definition of the specific documentation needed from an individual policyholder when reporting a loss.