Inception/Expiration Date The date on which coverage became effective or expired. Policies in North Carolina become effective and expire at 12:01am Occurrence Date The date on which the loss occurred Identification of Parties involve The loss report should include the names and addresses of the parties involved in the loss, the names and addresses of any injured person(s) and the names and addresses of any witness(s) Policy form /Number Identifies the type of coverage purchased (policy form) and the policy number for the particular policy purchased by the insured Description of the Loss Information concerning how, when and where the accident or loss happened is an essential element in any loss report Coverage Shows the type of coverage purchased as well as the limits of coverage purchased. Deductible (retention) That portion of any covered property claim that must be paid by the insured. Tort/Tort Feasor A tort is a legal injury or a civil wrong to another that arises out of actions other than a breach of contract which a court will provide a remedy through allowing the injured party a monetary recover for damages. Elements of an Investigation The insured and the claims team need to work together to ensure they have secured all of the available evidence (surveillance videos, witnesses and their statements) as well as continue the ongoing investigation Adjusters, investigators index reports and witnesses can all be key pieces of the