Texas Adjuster Practice Test

What document must be submitted to an insurance company immediately after a loss occurs?

1. Claim form

2. Notice of Loss

3. Proof of Loss

4. Incident report

The correct answer is: Notice of Loss

Submitting a Notice of Loss to an insurance company immediately after a loss occurs is essential for triggering the claims process. This document serves as the first formal notification to the insurer that a loss has taken place and outlines the basic details surrounding the incident. It acts as a preliminary alert, allowing the insurance company to begin evaluating the situation and preparing for the claims investigation. The Notice of Loss typically includes key information such as the date and time of the incident, the location, and a brief description of what happened. Providing this information promptly is crucial, as many insurance policies require policyholders to notify the insurance company within a specified timeframe after a loss occurs. While the other documents play important roles in the claims process, they do not take precedence immediately following the loss. A Claim form is generally completed after the initial notice, and Proof of Loss is typically more comprehensive and may be required later in the process to substantiate the claim. An Incident report may also be relevant, especially for liability claims or auto accidents, but it is not specifically mandated immediately after a loss like the Notice of Loss is. Therefore, the requirement to submit a Notice of Loss right after a loss makes it the correct choice in this context.