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 Posted: Wed Jun 08, 2011 9:15 am Post subject: what do you mean by claim? |
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what do you mean by claim?
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| Posted: Wed Jun 08, 2011 10:58 pm Post subject: |
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A claim is what occurs when someone has suffered personal injury or property damage, or other covered losses.
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MaxHerr
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| Posted: Thu Jun 09, 2011 10:10 am Post subject: |
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| A claim is perhaps a request for compensation that's being forwarded to an insurer following a loss. Such a request is forwarded by the policy holder (or beneficiary in case of life insurance). |
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steven
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| Posted: Fri Jun 10, 2011 1:10 pm Post subject: |
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A claim is basically a formal request made to the insurance company demanding or requesting for the payment as per your insurance policy. The insurance companies first review the claim for their validity and then pay the amount to the insured once approved.
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meenakshidpfoc
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| Posted: Fri Jun 10, 2011 3:42 pm Post subject: |
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Remember, however, that "claim" doesn't always involve insurance.
It is simply the result of a loss due to personal injury (such as libel or slander -- a "tort" claim), property damage (as in a toaster that fails to brown the toast -- a "warranty" claim), or some other legal "claim" (such as unpaid rent in a landlord's "unlawful detainer" claim).
Some of these losses are insurable, others are not. The OP's question was generic, as was my original answer.
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CA-licensed P&C Broker-Agent and Life Agent. CA Insurance Lic #0596197. Now investigating insurance company abuses, and providing litigation support and expert witness services. Send me your questions, and I'll send you my answers. |
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MaxHerr
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