Insurance Claim

Request for payment from the insurance company by the insured. For example, a homeowner files a claim if he or she suffered damage because of a fire, theft, or other loss. In life insurance, survivors submit a claim when the insured dies. The insurance company investigates the claim and pays the appropriate amount if the claim is found to be legitimate, or denies the claim if it determines the loss was fraudulent or not covered by the policy.

Request for payment from an Insurance Company by the Insured. For example, a homeowner files a claim after suffering damage from a fire, theft, or other loss. Survivors submit a life insurance claim when the insured dies.