What is a potential result of failing to provide timely proof of loss?

Failing to provide timely proof of loss can lead to denial of the insurance claim because insurance policies typically include specific timeframes within which claimants must submit proof of loss documentation after a covered event occurs. This requirement ensures that the insurer can promptly investigate and assess the claim, allowing for an efficient claims process. If the insured fails to meet this deadline, the insurer may reject the claim based on noncompliance with the policy's terms.

The other options do not align with the consequences of late proof of loss submission. For instance, an increase in coverage limits, expedited claims processing, or a reduction of premium costs are not typically contingent upon providing timely documentation. In fact, these outcomes could be seen as more favorable results, which are unlikely to be granted when a policyholder does not adhere to the stipulations of their insurance contract.