What does statutory condition 9 require the insured to do after a loss?

Statutory condition 9 places an obligation on the insured to take reasonable steps to prevent or reduce a loss after an incident has occurred. This requirement is designed to mitigate further damage or escalate the situation. For instance, if a property suffers water damage, the insured should promptly take actions such as stopping the source of water, removing affected belongings, and calling professionals to address the issue. This proactive approach not only minimizes additional loss but also fulfills the insured's duty in the insurance contract, which can positively influence how claims are handled.

In contrast, filing a lawsuit against the insurer is not a requirement following a loss; it is a legal recourse if a dispute arises. Waiting for the insurer to take action is insufficient because it does not involve the insured’s proactive responsibility to address ongoing issues after the loss. Reporting the loss solely to local authorities may be required in certain situations, such as in cases of theft or significant accidents, but it does not encompass the broader responsibility of preventing or reducing loss, which is central to the obligation defined in statutory condition 9.