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?

Thank you! Oops!

Related Content

How Pre-Existing Conditions Affect Life Insurance

How Pre-Existing Conditions Affect Life Insurance

Have a pre-existing condition? Learn the facts before assuming life insurance coverage is costly or low quality.

What is Loss of Use?

What is Loss of Use?

Do you know what Loss of Use is?

Life Insurance Needs in Your 60s and 70s

Life Insurance Needs in Your 60s and 70s

Life insurance can be part of a sound financial strategy for people in their 60s and 70s as well.