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

Life Insurance Explained

Looking to learn about life insurance? This comprehensive article is a great place to start.

How Does an Umbrella Insurance Policy Work?

If you have a lot to lose, an Umbrella policy could be exactly what you need.

If You're In An Accident

Learn the best steps to take after you’ve been in an automobile accident with this useful, step-by-step video.