Sworn Statement In Proof Of Loss — Insurance Claims Definition
A proof of loss given under oath, often notarized, attesting to the accuracy of the claim; required by some policies or states.
A Sworn Statement in Proof of Loss elevates the standard proof of loss by requiring the insured to testify under oath — sometimes before a notary — that the statements are true. It is used to deter fraud and create a clear record for litigation.
Insurers may request a sworn statement in addition to an examination under oath (EUO) in complex or high-value claims. Inconsistencies between a sworn POL and later testimony can seriously undermine a claim.
Examples
Following a large fire loss, the carrier requires a notarized sworn proof of loss listing every room's contents with age, purchase price, and replacement cost within 60 days of request.
Common Mistakes
Guessing values under oath is risky; unsupported figures should be clearly estimated. Refusing a properly requested sworn POL when the policy requires it may result in denial.
