What must an insured do immediately after experiencing a loss?

The correct course of action for an insured after experiencing a loss is to notify the insurer about the incident, providing detailed information regarding how, when, and where the loss occurred. This step is crucial because timely notification enables the insurance company to begin the claims process, assess the situation, and determine the appropriate response. Insurers often have specific guidelines for how and when to report a loss, and failing to communicate promptly may lead to complications or even denial of the claim.

Moreover, informing the insurer as soon as possible can help in gathering evidence and documenting the details while they are still fresh, which is beneficial for both the insured and the insurer. This initial communication helps establish the occurence of a covered event under the terms of the insurance policy and initiates the evaluation and processing of the claim.