Standard Fire Policy
Under the Standard Fire Policy's 'requirements in case loss occurs,' what must the insured do in ADDITION to giving immediate written notice of the loss?
Answer
Protect the property from further damage, separate the damaged and undamaged personal property, and furnish a complete inventory
The condition requires the insured to 'protect the property from further damage, forthwith separate the damaged and undamaged personal property, put it in the best possible order, and furnish a complete inventory of the destroyed, damaged, and undamaged property, showing in detail quantities, costs, actual cash value, and amount of loss claimed.' The signed and sworn proof of loss follows within 60 days after the loss.
Source: Standard Fire Policy, Requirements in case loss occurs (N.C. Gen. Stat. §58-44-16(f)(13))
Not the answer
- Hire a contractor approved by the insurer before making any repair
- File a police report for every loss
- Obtain three written repair estimates
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