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Duties of the Insured After a Loss

The insured's duties after a loss are usually extensive. Please describe some of the duties of the insured after a loss occurs. Do you think what can happen if the insured fails to perform these duties? Explain your answer.

Solution Preview

There are several actions that an insured needs to take immediately following a loss. A full documentation of the incident and the insured's observations are mandatory. The insured must immediately contact the insurance company to report the loss. Most insurance companies require the insured to photograph the loss in any way possible, and in many circumstances, the insured is advised against moving, touching, or repairing ...

Solution Summary

This solution discusses the duties of an insured party after a loss occurs. We also discuss what can happen if the insured fails to perform the required duties. This solution is 250 words with one supporting APA reference.