What is the purpose of a "statement of information" in an insurance claim?

The purpose of a "statement of information" in an insurance claim is to document the details provided by the claimant during the investigation. This document is essential as it captures the specifics of the claim, including dates, events, and any relevant facts shared by the claimant that may affect the claim's outcome.

Having a thorough and accurate statement of information helps both the insurer and the claims adjuster to understand the circumstances surrounding the incident. This documentation serves as an official record that can be referred to later in the process, ensuring that all parties involved have a clear and consistent understanding of the claimant's situation. Thus, it plays a critical role in the claims evaluation and approval process, ensuring fairness and clarity for all involved.