Insurance claim

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Insurance claim

A claim for reimbursement from the insurance company when the insured has suffered a loss that is covered under an insurance policy.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Insurance Claim

A document or request filed by a policyholder stating that an insured event has occurred and that the insurance company should provide coverage. For example, if a person has health insurance and breaks his leg, he must file an insurance claim in order for the insurance company to pay for some or all of the medical expenses. Depending on the policy, a third party may or may not be able to file an insurance claim on behalf of a policyholder.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
The property insurance claims and catastrophe response industry, like many others, is currently undergoing a rapid transformation due to advances in automation and technology that are introducing greater efficiencies into the traditional claims and underwriting processes.
Talking to reporters, the Shiv Sena leader said: "We have got many forms filled for the insurance claims. We will take these forms to the Chief Minister.
Of the 11 insurance claims received between July and December last year, only one - from July - had been settled, with the remainder considered to be "ongoing".
Yet again, and if I correctly recollect, alike settlement of an Insurance Claim, without any Survey having been carried-out by a Government Licensed Surveyors, had been restricted to Rs.25,000/= only in Motor Class and Rs.50,000/= only in Fire Class Insurance Claims, respectively.
Now, those same alerts will be delivered to Hippo customers to prevent incidents before they occur, in order to significantly reduce the number of reported insurance claims.
Barry is a semi-retired insurance coverage attorney, consultant, expert witness and blogger, Zalma on Insurance Claims provides in-depth explanations, analysis, examples, and detailed discussion of: Property insurance claims; Third-party liability claims;
Insurers require police reports for the processing of motor insurance claims at present.
The number of life insurance claims processed also rose 21.2 percent to 82,936 from 68,401 while the number of retirement claims processed grew 9.2 percent to 34,489 from 31,592.
In statement, the pension fund for government employees said that GSIS paid more than P85 billion in social insurance claims and benefits in January to November, up by 13 percent compared with P75.1 billion in the same period in 2016.
Hey, Texplainer: If you had previous home damage from heavy rains, are you still able to file an insurance claim post-Harvey?
Dubai: If the number of insurance claims are to go by, those who have expensive wheels are less likely to get into an accident than most people in the country, hence they're considered the safest drivers.
ISLAMABAD -- The Securities and Exchange Commission of Pakistan (SECP) is contemplating expanding the scope of Centralized Information Sharing Solution for Life Insurance Industry (CISSII) to include the register for the group health insurance claims experience.

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