What is a Notice of Loss for property damage?
After you have notified your insurance company of an accident, the policy may require you to "Tender the Defense" of any claims arising out of the accident to the insurance company. This means that you are required to allow the insurance company to hire an attorney or otherwise participate in the settlement and litigation of claims against you by third parties.
Once your insurance company compensates you, you must give up your right to pursue third parties for compensation of the loss the insurance company has paid. This right is called a "Subrogation Right" - it enables the insurance company to be compensated for its payment to you by recovering from the negligent third party.
If you were in a car accident and need help receiving payment for your losses, contact an experienced car accident attorney right away. If your loss was another type of insured loss, perhaps to your home or your belongings, contact an insurance lawyer for help.