Notice of loss refers to a formal communication or notification that an insured individual or entity must provide to their company to report a claim.This can include situations such as a car accident, a fire at a home, or theft of property.

This notification serves as the first step in initiating the claims process. The insurer will use the information provided in the first notice of loss to begin investigating and determining the appropriate course of action.

It is important to provide accurate and detailed information about the incident, including the date, time, location, and a description of what happened. Embracing any relevant documentation or evidence, such as photographs or police reports, can also help support the claim.

The purpose is to guarantee that the company is aware of the loss and can begin the process promptly. Failing to provide timely notice may result in delays or even denial of the demand.