What must an insurer do regarding a proof of loss requirement on a property loss claim?

When an insurer presents a proof of loss requirement on a property loss claim, it is essential for them to clearly convey the time-sensitive nature of submitting this documentation. By placing the 60-day proof of loss provision in bold type on the document, the insurer ensures that the policyholder is made acutely aware of the deadline for submission. This practice not only emphasizes the importance of timely filing but also helps protect the insurer by fostering compliance with the terms of the insurance policy, thereby reducing the potential for disputes or misunderstandings regarding the claims process.

Highlighting this deadline in bold type serves as a visual cue that can aid in preventing delays that may arise from a lack of awareness about the requirement. Ultimately, this clear communication assists policyholders in managing their obligations and increases the efficiency of the claims process, illustrating the insurer's commitment to transparent and effective communication.