What is a “proof of loss”?

A proof of loss—the policyholder’s valuation of claimed damages—is a sworn statement made by the policyholder that substantiates the insurance claim and is required to be submitted to the NFIP or company within 60 days of the loss. A printed form usually is available from the adjuster assigned to the claim.

Note: Some companies and agents may require the proof of loss to be affirmed by a public notary.