What is typically required from policyholders when reporting a claim for loss of valuable items?

When reporting a claim for the loss of valuable items, it is common for insurers to require a police report, especially in cases of theft or vandalism. This report serves as official documentation that a crime has occurred and helps verify the circumstances surrounding the loss. It establishes a legal record, which the insurance company can use to determine the credibility of the claim and the likelihood of recovery of the stolen items. Insurers often emphasize the importance of a police report in assessing claims for valuable items to ensure that their investigations are thorough and that the correct claims process is followed.

In contrast, while proof of purchase can be necessary for certain claims, it may not universally be required for all valuable items reported lost or stolen. Witness statements can provide additional context but are not typically mandatory when filing a claim. Therefore, the requirement for a police report stands out as a standard practice in the industry.