insurance claim

insurance claim
/ɪn'ʃυərəns kleɪm/ noun
a request to an insurance company to pay compensation for damage or loss

Dictionary of banking and finance. 2015.

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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. Bloomberg Financial Dictionary * * * insurance claim insurance claim ➔ claim1 * * * insurance claim UK US noun… …   Financial and business terms

  • Insurance Claim — A formal request to an insurance company asking for a payment based on the terms of the insurance policy. Insurance claims are reviewed by the company for their validity and then paid out to the insured or requesting party (on behalf of the… …   Investment dictionary

  • insurance claim — noun demand for payment in accordance with an insurance policy (Freq. 1) • Hypernyms: ↑claim …   Useful english dictionary

  • claim — n [Old French, from clamer to call, claim, from Latin clamare to shout, proclaim] 1 a: a demand for something (as money) due or believed to be due; specif: a demand for a benefit (as under the workers compensation law) or contractual payment (as… …   Law dictionary

  • insurance — in·sur·ance /in shu̇r əns, in ˌshu̇r / n 1: the action, process, or means of insuring or the state of being insured usu. against loss or damage by a contingent event (as death, fire, accident, or sickness) 2 a: the business of insuring persons or …   Law dictionary

  • insurance adjuster — ➔ adjuster * * * insurance adjuster UK US (also insurance adjustor) noun [C] ► INSURANCE a person whose job is to check facts and information relating to an insurance claim and to decide how much money the insurance company should pay: »After you …   Financial and business terms

  • Insurance fraud — Criminal law Part …   Wikipedia

  • claim — ▪ I. claim claim 1 [kleɪm] noun [countable] 1. COMMERCE a request or demand for money, or the amount of money asked for: • The developer made a claim against the owner for extra building costs. • There were very large claims for loss of earnings …   Financial and business terms

  • insurance — Guarding against property loss or damage making payments in the form of premiums to an insurance company, which pays an agreed upon sum to the insured in the event of loss. Bloomberg Financial Dictionary * * * insurance in‧sur‧ance [ɪnˈʆʊərəns ǁ… …   Financial and business terms

  • claim — {{Roman}}I.{{/Roman}} noun 1 statement saying that sth is true ADJECTIVE ▪ dubious, false, unfounded, unsubstantiated ▪ conflicting ▪ There are conflicting claims about the cause of the fire …   Collocations dictionary

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