What is the Definition of Notice Of Loss?

What is the Definition of Notice Of Loss?

A written notice required by insurance companies immediately after an accident or other loss. Part of the standard provisions defining a policyholder’s responsibilities after a loss.

Source: Insurance Handbook A guide to insurance: what it does and how it works | https://www.iii.org/

Label: Insurance
Theme: Dictionary of Insurance Terms

Other Questions: What is the definition of Annuity?

What is the Definition of Notice Of Loss?

You can find random definition and meaning of insurance terms below:


What is the meaning of Primary Insurance

Insurance that must be maintained as a condition of the GEICO Personal Umbrella Policy (GPUP). Primary insurance acts as the first layer of coverage on common types of losses. This usually includes auto, motorcycle and homeowner insurance, but may also include boat insurance or some other policy. Please check your insurance policy documents for more detailed information.


What is the meaning of Proof of Loss

A statement made regarding the extent of the claim; it may be requested in accordance with the conditions of the policy.


What is the meaning of Property Damage Liability Coverage

Pays for damage to someone else's property resulting from an accident for which you are at fault and in most cases provides you with a legal defense. This coverage is subject to the terms, limits and conditions of your policy contract.


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