A loss can be due to fire, theft or an insured peril. Losses can be uninsured or can result in no claim being made. All losses need to be declared to an insurer as a material fact, regardless of whether or not a claim is made or settled.
A loss can be due to fire, theft or an insured peril. Losses can be uninsured or can result in no claim being made. All losses need to be declared to an insurer as a material fact, regardless of whether or not a claim is made or settled.