What does Notice of Loss mean? Read on to discover the definition & meaning of the term Notice of Loss - to help you better understand the language used in insurance policies.
Notice of Loss
A notice of loss is refers to the process of an insurance policyholder informing their insurance company that they have experienced a loss. This is the first step to getting reimbursed for a covered loss. The individual policy indicates the procedure to submit a notice of loss.
We hope the you have a better understanding of the meaning of Notice of Loss.