What Is a Sworn Proof of Loss Packet and Why It Matters
A Sworn Proof of Loss is a formal documentation package that proves and justifies an insurance claim. It is the policyholder’s sworn statement outlining what was damaged, how it was damaged, and the amount required to properly repair or replace the loss.
What Is Appraisal in an Insurance Claim, How It Works and Why It’s Used.
Appraisal is a dispute resolution process built into most property insurance policies. It is used when the policyholder and the insurance company agree that a loss is covered but disagree on the scope or value of the damages.