Insurance

What is a Claim?

Claim

[kleym]

noun

1.

An insurance Claim is a policyholder’s request to an insurance company for restitution based on the terms of the insurance Policy. The insurance company, through an Adjuster, investigates the validity of the Claim and pays the policyholder.

Have A Question About This Topic?

Related Content

Did You Know This Fact About Claims Advances?

If a fire forces you out of your home, you can ask for a claim advance.

Did You Know This Fact About Fire Extinguishers?

How often should you check your fire extinguishers? Do you know?

Who Does Survivorship Life Insurance Benefit?

For married couples, weighing life insurance pros and cons later in life is key to choosing what fits your needs.