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 Power of Compound Interest

The Power of Compound Interest

Learn how to harness the power of compound interest for your investments.

What is a Liability?

What is a Liability?

Do you know what a Liability is?

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.