A “Notice of Loss” is a formal communication or notification provided by an individual or entity to an insurance company to inform them of an event or occurrence that has resulted in a loss covered by an insurance policy. This notice typically includes details such as the date and location of the loss, a description of the incident, and any relevant information required by the insurance company to process the claim. Providing timely and accurate notice of loss is often a crucial requirement for policyholders to receive coverage for the claimed loss.
A written notice required by insurance companies directly after an accident or other loss, if a claim will be filed.
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This glossary post was last updated: 29th March, 2024.
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