Under the dwelling policy, if an insurer chooses to repair or replace damaged or lost property, it must inform the insured within how many days of receiving proof of loss?

Under a dwelling policy, when an insurer decides to repair or replace damaged or lost property, it is required to notify the insured within 30 days of receiving proof of loss. This timeframe is established to ensure that the insured is kept informed about the progress and decisions regarding their claim, facilitating a smoother claims process and providing clarity on how their loss will be addressed. Timely communication is essential in maintaining transparency and trust between the insurer and the insured, allowing the insured to manage expectations regarding their property restoration or compensation.