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

The Value of Insuring Against Life’s Risks

The Value of Insuring Against Life’s Risks

Building wealth requires protection from the forces of wealth destruction.

4 Tips to Avoid an Insurance Claim This Winter

4 Tips to Avoid an Insurance Claim This Winter

As winter continues on, there are a few things you can do to prepare for and prevent a costly insurance claim.

The Right Time to Buy an Annuity

The Right Time to Buy an Annuity

Knowing when to buy an annuity can make a big difference. Learn how timing can influence your decision about if and when to buy.

//