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.

Share |

Have A Question About This Topic?

Related Content

Acres of Diamonds

In life it often happens that the answers to our most pressing questions are right in our own backyards.

Did You Know This Fact About Claims Advances?

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

Inventorying Your Possessions

Creating an inventory of your possessions can save you time, money and aggravation in the event you someday suffer losses.