If the Company is unable to determine the amount of loss or damage, what may it require from the Insured Claimant?

Prepare for the Alabama Title Insurance Test. Practice with flashcards and multiple-choice questions, each question has hints and explanations. Get ready for your exam!

When a title insurance company is unable to determine the amount of loss or damage, it may require the insured claimant to furnish a signed proof of loss. This document is crucial as it serves as a formal declaration from the claimant regarding their claim, including a detailed account of the loss and the amount being claimed.

By providing a signed proof of loss, the claimant helps the insurance company assess the validity and extent of the claim, which in turn facilitates the claims process. The signed proof acts as a critical piece of evidence, allowing the insurer to grasp the specifics of the situation and establish a basis for any potential payment or action.

The other options do not align with standard practices in the claims process. While withdrawing a claim or assigning it to a title agent might be possible, they do not directly address the need for substantiating the claim through documented proof. Similarly, pursuing rights against the seller or grantor may be a separate legal action but does not directly aid the insurance company in evaluating and processing the claim for loss or damage.

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