Common use of Proof of Loss Clause in Contracts

Proof of Loss. You must submit a detailed written proof of loss within one hundred twenty days (120) from your discovery of the loss. You must include with your proof of loss any instrument involved in that loss, or, if that is not possible, an affidavit setting forth the amount and cause of loss. You must also report all such losses to the appropriate law enforcement agency and other regulatory agencies (e.g., HUD).