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

How Pre-Existing Conditions Affect Life Insurance

How Pre-Existing Conditions Affect Life Insurance

Have a pre-existing condition? Learn the facts before assuming life insurance coverage is costly or low quality.

Life Insurance for Young Adults

Life Insurance for Young Adults

Getting life insurance before 40 is more common than you think—and it can be a smart choice for many people.

Surprise! You’ve Got Money!

Surprise! You’ve Got Money!

Here’s a quick guide to checking to see if you have unclaimed money.