Proof of Loss clauses require you to give your insurance company evidence "in writing"

What if you do not have anything (receipts) to show them?

A proof of loss clause makes you provide evidence of your damages. By evidence they mean actual written documentation (titles, receipts, pictures, etc.) This applies to your injuries and your property.

Many times they will not accept just your statement regarding damages. This is the reason why the insurance company will write an estimate of damages.

For injuries, they will give you a medical authorization form to sign and return so they can look at your accident related accident. Under this clause however, they can ask for prior medical history even if it is not directly related to you accident.

It can be difficult to provide Proof of Loss of an injury, especially if you have any wage loss claim. If you work for a salary, that would not be too bad. However, if you own your business, or if you are self employed, then this could become a nightmare. For example, if you are a Realtor, how do you prove your loss of income?

The amounts of home sales fluctuate from month to month, and their prices fluctuate. Some houses sit on the market for a long time. The Realtor will argue that if misses one day at work, then he losses a sale.

The carrier will argue that a closing in a house takes about 30 days, not one. Do you see how difficult this can get?

Proof of Loss Clause requires that to prove your damages. If they are difficult to ascertain, then you must ask the insurance company what information do they need and then provide it. If you can’t provide evidence, then your claim can be denied.

Another situation where this becomes an issue is when you have theft losses. Insurance carriers will ask for receipts of purchase of the stolen property.

Many of us never keep receipts for new merchandise, much less for everything that you have in your vehicle. Some more reasonable insurance companies will take pictures or owners manuals as evidence of ownership. They will not just take your word for it; you must prove your loss.

If you are unable to provide the information that they require, they can deny coverage based on this clause.

Showing Proof of Loss can be very difficult. However, you have other tools. Read more about Promissory Estoppel.

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