What must an insured do after experiencing a loss according to the insured's duties?

After experiencing a loss, the insured is required to provide prompt notice to the insurer. This duty is essential because it allows the insurance company to begin the claims process, investigate the circumstances surrounding the loss, and determine coverage. Prompt notification helps to ensure that the claim can be handled efficiently and that the insurer can adequately assess the damages involved.

Reporting the loss quickly not only enables the insurer to respond effectively but also protects the rights of the insured under the policy. Delays in notifying the insurer can lead to complications or even denial of the claim, as insurers need to be able to investigate the claim while evidence is still fresh and available.

The other options do not accurately reflect the duties of the insured after a loss. For instance, filing a legal suit immediately is not a requirement and often comes after the claims process. Paying for all damages upfront would be impractical and contrary to the principle of insurance, where the insurer assumes the financial risk. Waiting for 30 days before reporting a loss does not align with the requirement of prompt notice and could jeopardize the insured’s claim.