Question

In the event of a loss covered by the policy, if the insurer requests a signed sworn proof of loss, the named insured is required to submit it within

1) 1 year
2) 5 business days
3) 30 days
4) Specified time

Answer 1

In the event of a loss covered by the policy, the named insured is required to submit a signed sworn proof of loss within 30 days.

Step-by-step explanation:

The subject of this question is Business.

In the event of a loss covered by the policy, if the insurer requests a signed sworn proof of loss, the named insured is required to submit it within 30 days.

The named insured is required to submit a signed sworn proof of loss within a time frame specified by the insurance policy. This time can vary, and it is critical to review the policy for compliance to ensure coverage for incidents such as medical expenses, policyholder death, car damage, or home burglary.

When an insurer requests a signed sworn proof of loss, the named insured is typically required to submit it within a specified time frame, which can vary depending on the insurance policy's terms and conditions.

It is essential for policyholders to review their insurance contracts to understand the required time frames for submitting proof of loss, as failing to comply can impact their ability to recover under the policy.

The insurance policy dictates the timing for proof of loss submissions, but common time frames include options such as 1 year, 5 business days, 30 days, or another specified time.

Option 3) 30 days is correct.