What must be established by the insurer after a loss occurs?

In the context of insurance and claims handling, after a loss occurs, the insurer has a responsibility to establish a few key elements to effectively manage the claim process.

Firstly, the burden of proof is crucial. This means the insurer needs to demonstrate the validity of the claim, confirming that the loss has genuinely occurred and is covered under the policy. Establishing the burden of proof is a fundamental part of ensuring that claims are processed accurately and fairly.

Secondly, the insurer must provide claim settlement options. This involves presenting the policyholder with the different ways the claim can be handled, including the amount of compensation offered and any alternatives available for settlement. This step is important for clarity and ensuring that the policyholder understands their choices and can make informed decisions regarding the claim.

Lastly, estimates for damages must be established. This requirement involves assessing the extent of the loss. Accurate evaluations and estimates are essential for determining the appropriate compensation amount and ensuring that the policyholder receives adequate coverage for their losses.

All these components — burden of proof, claim settlement options, and estimates for damages — are integral to the claims process. Therefore, the correct answer encompasses all of these as essential responsibilities of the insurer after a loss occurs.