What is included in a 'statement of loss'?

A 'statement of loss' is a document that provides detailed information regarding the loss experienced by the insured. This statement typically includes descriptions of the incident that led to the loss, the extent of the damage or loss incurred, and relevant supporting information that assists the insurance adjuster in evaluating the claim. By including specific details of the loss, the insured ensures that the insurance company has a comprehensive understanding of the situation, which is crucial for determining the validity of the claim and the appropriate compensation.

The other options do not fit the definition or purpose of a 'statement of loss.' For example, records of policy premiums pertain to the financial transactions between the insured and insurer rather than details about a specific incident. Notifications of claim status inform the insured about the progress of their claim but do not provide a breakdown of the loss itself. Summaries of coverage limits focus on the specifics of what the policy covers rather than the particulars of an individual loss event.