Insurance Company Claim Definition
The insurance company validates the claim and once.
Insurance company claim definition. A request to an insurance company for payment relating to an accident illness damage to property. Alternatively the insurance company could decline the claim or pay a lesser amount depending on the circumstances of the claim. Your insurance policy provides coverage and compensation to you for covered losses or the damages you sustain as a result of the claims process. When you make an insurance claim you have usually suffered some type of a loss or your property has sustained damage that is caused by one of the named perils insured by your insurance policy.
The insurance company reviews its validity and pays upon approval. Insurance claim bedeutung definition insurance claim. An insurance claim is a formal request by a policyholder to an insurance company for coverage or compensation for a covered loss or policy event. A claim is a formal request to an insurance company for payment based on the terms specified in the insurance policy.
However i would say that this definition applies more to a first party property type policy.
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