Loss Run Report

A loss run report is a detailed record of all claims filed against your insurance policies over a specified period, typically three to five years. Insurance companies request loss runs when quoting new business because your claims history is one of the most important factors in determining your premium.

The report includes each claim's date of loss, type of loss, amounts paid, amounts reserved for future payments, and current status. A clean loss run with few or no claims will help you get better rates. A loss run with multiple large claims will make coverage more expensive and harder to find.

When you are ready to shop your insurance, request loss runs from your current carrier as early as possible. Insurance companies can take 10 to 30 days to produce them, and most new carriers will not quote without them. At Full Coverage, we help clients request their loss runs and can often expedite the process through our carrier relationships. Having your loss runs ready when we start shopping means we can get you quotes faster.

Not the Same as Motor Vehicle Record (MVR)

A loss run lists the claims on a business's insurance policies. A motor vehicle record lists one driver's tickets, accidents and license status, as reported by the state.

Example

A five-truck fleet shopping its renewal asks its current insurer for five years of loss runs. The report shows one closed $12,000 cargo claim, and every new market weighs that page heavily when it prices the fleet.