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

How to File a Wildfire Claim

Here’s what you need to know when filing a wildfire insurance claim.

Long-Term-Care Needs

Determine your potential long-term care needs and how long your current assets might last.

The Business Cycle

How will you weather the ups and downs of the business cycle?