What is the maximum duration an insured has to provide a statement of loss if asked by the insurer in an Inland Marine policy?

In the context of Inland Marine policies, the maximum duration an insured has to provide a statement of loss upon the insurer's request is 60 days. This time frame is established to ensure that claims are handled promptly and facilitate the insurer's investigation process. The 60-day period allows enough time for the insured to gather and present the necessary documentation and evidence related to the loss. This requirement is designed to promote efficiency and clarity in the claims process, preventing unnecessary delays that could arise if the timeline were too short.

The other durations are not applicable because they either fall short of or exceed the requirements outlined in standard Inland Marine policy procedures, thereby not aligning with the best practices set forth in the industry.