What must an insured do in the event of a loss to fulfill their policy obligations?

An insured must report the claim promptly to the insurer to fulfill their policy obligations. This requirement is crucial because insurance policies generally include a "notice of loss" provision, which outlines the need for the insured to promptly inform the insurer about any incidents that might trigger a claim. Timely reporting allows the insurer to initiate the claims process swiftly, conduct necessary investigations, and assess damages.

Delaying this notification could jeopardize the ability to secure coverage for the loss, as insurers rely on receiving timely information to manage their risk and plan for potential payouts. In addition, early communication can help to clarify any questions or issues that arise regarding the claim, enhancing the efficiency of the claims handling process. This proactive approach demonstrates the insured's commitment to complying with the terms of the insurance policy, ensuring their rights to coverage are preserved.