Claim at Insurance Glossary

What is it? A request by the insured for indemnification by the insurance company for a loss that is a covered peril.

Insurance Dictionary Term Added By: Rachel

Send To Friends!

If you'd like to send the Claim definition to yourself or to your friends/colleagues, just enter the e-mail addresses in the boxes below -

We hope you now understand the meaning of Claim. If you need any more information on this term, please don't hesitate to contact us.

Other Similar Insurance Terms:

Insurance Term ERISA (Employee Retirement Income Security Act of 1974) is The federal law that mandates reporting and disclosure requirements for self-insured health plans. It also prohibits states from regulating insurance plans offered by employers to their employees if the employer is self-insured.

Insurance Term Conversion Privilege is A right given to an insured person who can change insurance without evidence of medical insurability, usually to an individual policy upon termination of coverage, under a group contract.

Insurance Term Medicare+Choice is A federal program providing Medicare coverage through the private insurance market. These plans have a special arrangement between the federal Centers for Medicare & Medicaid (CMS) and certain HMOs. The federal government pays the HMO a set amount for eac

Insurance Term Salary Continuation Plan is A disability or sick-leave plan which provides for employees to continue to receive up to 100 percent of their salary for a limited number of days if they become ill or disabled. The number of days per year granted to an employee generally increases as th

Insurance Term Tabular is Of or pertaining to a table. Tabular cost is the cost of mortality, morbidity, or other claims, according to the valuation tables and assumptions used by the insurer. (G)