What is required from the insured if a mortgagee needs to be paid on a claim?

In the context of an insurance claim where a mortgagee is involved, it is essential for the insured to provide written proof of loss to ensure that the mortgagee can receive payment. Written proof of loss is a formal declaration that outlines the details of the claim, including the nature of the loss and the amount being claimed. This documentation serves to substantiate the insured’s position and provides the insurance company with the necessary information to process the claim appropriately.

Written proof of loss is often required by most insurance policies as a standard practice, especially when dealing with mortgagees, because it establishes a clear and legally recognized record of the claim. This protects both the mortgagee and the insurer, ensuring that payments are made according to the terms of the policy.

In contrast, notarized proof of loss could add an additional layer of verification, but it is not typically a standard requirement. Oral confirmation of coverage lacks the necessary documentation needed for formal proceedings, and asserting that no proof is necessary contradicts insurance protocols and industry practices, where verification of the claim is crucial. Therefore, the requirement for written proof of loss is a necessary step in fulfilling the obligations related to the claim, especially when a mortgagee is involved.