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

What Happens If Someone Gets Hurt at Your Home?

What Happens If Someone Gets Hurt at Your Home?

At-home injuries can be a major liability problem. Learn how Personal Liability protects you from trouble.

Keep Your Umbrella Handy

Keep Your Umbrella Handy

Umbrella liability can be a fairly inexpensive way to help shelter current assets and future income from the unexpected.

Three Business Auto Coverage Gaps

Three Business Auto Coverage Gaps

Running a business with vehicles? These three coverage gaps could leave you exposed. Here's what you need to protect it.