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 Contents

Snapshots

Your life is marked by images. Prepare for the unexpected, so you can keep those pictures going.

When to Self-Insure

Choosing to bear the financial burden of an adverse event is called self-insuring. Do you know what that entails?

Long-Term-Care Protection Strategies

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