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Understanding a Sworn Statement in Proof of Loss

Proof Of Loss Claims - Affiliated Adjustment Group - New York, NY

Dealing with property damage is undoubtedly stressful, and the intricacies of insurance claims can often compound that stress. One critical aspect that arises in insurance claims is a 'Sworn Statement in Proof of Loss.' Understanding this term is crucial to successful insurance loss recovery.

If you suffer a loss, your insurance company may ask you to provide a Sworn Statement as Proof of Loss. This statement is your formal account detailing the circumstances and scope of your loss.

The statement typically includes information about the cause of the loss, proof of ownership, estimates for the loss, and any documents that support these estimates. The insurance company uses this statement to determine what it needs to cover in your claim. The 'sworn' part of the statement indicates that you affirm the contents are true and accurate.

In this article, we look at what is a sworn statement in proof of loss and its legal repercussions. Stay with us to learn more about it.

The Critical Role of a Public Adjuster

Insurance policies can be complex and perplexing, especially when it comes to providing a sworn statement. This complexity is where a public adjuster steps in. As licensed professionals, public adjusters help you navigate your insurance policy and assist you in preparing your sworn statement. They advocate for you, interacting directly with the insurance company to ensure you receive the full compensation you're entitled to.

Common Mistakes to Avoid

When providing a Sworn Statement in Proof of Loss, there are certain pitfalls to avoid. Firstly, ensure your statement is submitted within your insurer's specified timeframe, usually provided in writing. Failure to do so could result in claim denial.

Likewise, ensure that the statement is accurate and complete. Any inaccuracies can lead to the denial of your claim. It's essential to include proof of your loss, such as estimates, receipts, and home inventories.

Getting the Form Notarized

Completing the Sworn Statement in Proof of Loss form is only the first step. After filling it out, the form must be notarized. This process involves signing and dating the form in front of a notary, who will then validate and sign, confirming your signature. A form without notarization can lead to claim denial.

Navigating commercial claims and loss recovery can be difficult, but you don't have to do it alone.

Affiliated Adjustment Group is here to help. With our team of experienced public adjusters, we'll guide you through every step of the insurance claims process, from understanding your policy to preparing a Sworn Statement in Proof of Loss.

Contact Affiliated Adjustment Group today, and let us handle your commercial claims while you focus on your business.


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