Property and Casualty Insurance Practice Exam

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Study for the Property and Casualty Insurance Exam. Utilize flashcards and multiple-choice questions with thorough explanations. Prepare with confidence and excel in your exam!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

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What must an insured do within 60 days after a loss?

Send proof of loss to the insurer
File a new insurance application
Renew the current policy
Conduct an independent investigation

The correct answer is: Send proof of loss to the insurer

An insured is required to send proof of loss to the insurer within 60 days after experiencing a loss. This action is crucial because it formally documents the details of the claim, including what happened, the extent of the damages, and the amount of the claim being made. This document is essential for the insurer to evaluate the claim and determine coverage under the terms of the policy. By submitting this proof, the insured starts the process of receiving compensation for the losses incurred. This requirement reflects the importance of timely communication and documentation in the insurance claims process, helping to ensure a smoother and more efficient resolution of claims.