What Is A Scheduled Loss and Proof of Loss?

A schedule of loss is a document submitted to the insurance company that lists all the lost or damaged items in a claim. It includes information about the item itself like the model number, when and where it was purchased, the cost of the purchase and the replacement amount.

A proof of loss form is the official document completed by a policy owner and provided to an insurer regarding a loss. It provides the insurer with all the information needed to assess the loss.