A loss run report can serve many purposes. As an informational document, it can give you a detailed account of the claims activity on your policy. As an initial assessment tool, it can help insurers assess the amount of risk involved in insuring you and the pricing and terms that will be required. As an on-going assessment tool, it can help insurance companies decide whether or not to renew your policy. And finally, a loss run report can help you obtain better terms or pricing with a different insurance company – if you have a claims history with minimal activity on it.