What must a policyholder do according to the Notice of Claims provision?

The Notice of Claims provision requires a policyholder to notify the insurer of a claim within a specified time frame after a loss occurs. This obligation is crucial because it allows the insurance company to promptly investigate the claim, assess any damages, and determine its liability under the policy terms. If a policyholder fails to comply with this requirement, they may jeopardize their ability to receive benefits or compensation, as timely notification is essential for the claims process.

Having a clear timeline for notification is important for the insurer to gather necessary information, such as the circumstances of the loss and any relevant documentation. This provision helps ensure that claims are processed efficiently and fairly, protecting both the insurer and the policyholder's rights.