5. Once a "Proof of Loss is submitted to the insurance company after loss or damage, the insurance company: A. Investigate the loss and determine if it is a "covered" loss B. Immediately make payment to the insured for the amount claimed on the Proof of Loss" C. Notify the insured within 30 days of their intention to accept the "Proof of Loss', reject the "Proof of Loss" and deny the claim, or go to appraisal D. Pay the insured the for amount of loss or damage within 60 days from receiving the "Proof of Loss