Policies vary – some require an executed Proof of Loss to be submitted within 60 days of the loss occurring, while others require an executed Proof of Loss to be submitted within 60 days of the carrier’s request.

Another important deadline to be aware of is the date by which a suit must be brought if you and the carrier are unable to agree on the claim. Some policies require that the action be brought within a year of the date of the loss, others stipulate two years. If you have not complied with the conditions provided in the policy, before you sue, your lawsuit may be dismissed.

In addition, some policies indicate that replacement cost payments will be made, if the required rebuilding or repairs are completed within 180 days of an Actual Cash Value (ACV) payment being issued. However, it may not be feasible to complete the construction work within 180 days of receiving an ACV payment, and a written request for a waiver or an extension of the provision should be submitted to the insurer as soon as possible.