Property claims glossary
What is a loss run?
A loss run is a report of an insured's or a property's claims history, showing dates, causes of loss, amounts paid, reserves and status. Underwriters use it to price risk, and on a property claim it can show earlier damage that was paid but never repaired.
Worked example · fictitious claim
A loss run shows a $9,000 hail payment on the same roof two years ago, and there is no record the roof was repaired. On a new $21,000 hail claim, the adjuster checks whether the earlier damage overlaps the new scope. If all of it does, the new damage to consider is $21,000 − $9,000 = $12,000.
How it affects a settlement
A loss run does not change coverage, but it can change what is owed when it shows prior damage that was already paid. A repeat loss is not proof of anything; it is a reason to check the file closely.
In practice
A report of a policyholder's claims history: dates, causes, amounts paid, and status. Underwriters use loss runs to price risk; claims teams use them to spot patterns. A third claim on the same street in three years is information.
Related
Fraud signal · Claim file · AI property claims review · property claims glossary