Claim

Written by  //  June 22, 2011  //  Insurance Glossary: A-D, Insurance Terms  //  No comments

This is a demand for payment from the insurance company by the policyholder, under the terms of an insurance policy. Claim payments are usually paid within 90 days of filing, depending on the claim. A claim report gives the facts of a claim to the insurance company for payment of a covered loss. A claimant is the person or party requesting payment for a loss.

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