Property insurance policies, in particular, contain what are known as post-loss policy conditions / obligations. These are conditions / obligations (taking place after the insured experiences a loss or damage) that an insured is required to undertake or perform pursuant to his/her/its property insurance policy.
Examples of post-loss conditions / obligations include without limitation:
- Timely notifying the insurer of the loss or damage;
- Submitting a sworn proof of loss;
- Submitting to an examination under oath requested by the insurer;
- Allowing the insurer access to inspect the property at the request of the insurer; and
- Submitting applicable documentation to the insurer at the request of the insurer.
The key is to know what post-loss conditions / obligations exist in your policy and make sure you know your rights regarding compliance with these conditions / obligations. If you do not comply with these post-loss conditions / obligations, the insurer will argue that you forfeited rights under the policy. Don’t put yourself in this position.
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