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

The Best of Both Worlds

Here are a few reasons we’ve chosen to be independent.

Disability and Your Finances

In the event of an unforeseen accident or illness, disability insurance may be a good way to protect your income and savings.

Long-Term-Care Protection Strategies

The chances of needing long-term care, its cost, and strategies for covering that cost.