Which event typically triggers the payment of an insurance claim?

The event that typically triggers the payment of an insurance claim is the occurrence of a loss. In the context of insurance, a loss refers to any damage, theft, or destruction of property that is covered under the terms of the insurance policy. When a policyholder experiences a loss, they have the right to file a claim with their insurance company, which then initiates the process of evaluating the claim and determining the amount of compensation owed based on the coverage limits and the nature of the loss.

The other options do not serve as triggers for claims. For instance, a change of address may simply require an update to the policy but does not inherently result in a claim being filed. Similarly, increased property value could affect coverage needs or premiums, yet it does not directly lead to a claim. The reinstatement of coverage, while important to maintaining insurance protection, does not trigger a claim either, as it suggests that coverage has returned or been restored but does not relate to an actual loss event that needs to be compensated. Thus, the occurrence of a loss is the fundamental event that initiates the claim process, making it the correct answer.