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A no-loss statement is a statement signed by you in which you represent and promise that you have not had any loss or claim (either liability or property damage) between the time your policy canceled and the time you're applying for reinstatement (your \u201clapse period\u201d).
A no-loss statement is a statement signed by you in which you represent and promise that you have not had any loss or claim (either liability or property damage) between the time your policy canceled and the time you're applying for reinstatement (your \u201clapse period\u201d).
A Proof of Loss is a document filled out by the policyholder when property damage occurs resulting in an insurance claim. This form helps to substantiate the value of the insured's loss to the insurance company.
A no loss letter, also known as a statement of no loss, serves as a legal agreement between the policyholder and the insurer, and confirms that the policyholder had no losses or claims during the lapse period.
Definition : no known loss letter.
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An alternative that should not be confused with a warranty is a \u201cNo Known Loss Letter\u201d. These letters generally confirm that the applicant is not aware of any actual - rather than potential - loss that would constitute a covered claim under the proposed coverage.
No Loss Statement I hereby represent and warrant, to the best of my knowledge, that there have been no known or reported losses, accidents or circumstances that might give rise to a claim under the insurance policy(ies) listed above, from 12:01 am on xx/xx/xx (cancellation date) to xx/xx/xx (date signing this letter).
No Loss Statement I hereby represent and warrant, to the best of my knowledge, that there have been no known or reported losses, accidents or circumstances that might give rise to a claim under the insurance policy(ies) listed above, from 12:01 am on xx/xx/xx (cancellation date) to xx/xx/xx (date signing this letter).

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