   
|
|
|
|
Insurance Claim
|
An insurance claim is an official request submitted to the insurance company demanding payment as per the terms of the policy. The terms of the insurance contract dictate the insurance claim amount. In many cases, before an insurance claim is processed, an investigation is conducted. This type of work is routinely performed by insurance claim adjusters. Thus, an insurance claim may be examined by interviewing the claimant and witnesses, as well as consulting police and hospital records. Depending on a given form of coverage, an insurance claim may be subject to other kinds of scrutiny, such as consulting professionals, and inspecting property damage to determine the extent of the insurer’s liability. Additionally, the insurance claim process may require a waiting period, and include various insurance claim riders and sublimits.
Rate this insurance claim definition...
|
|
Where is the market headed? The answer may surprise you. Find out
right now with the exclusive & Barron's recommended charts of Chart of the Day.
|
Popular Terms: EBITDA, liquidity ratio, 401a, deferred tax, command economy, 144a, per diem, margin rate, deferred revenue, required rate of return, cancelled check, open position, stock split, ex-dividend, implied volatility, in escrow, irrevocable trust, limit order, quality assurance, risk management, 1035 exchange, Key Rate Duration, class C shares, current ratio, Zero Cost Collar, 1031 exchange, wholly-owned subsidiary, VIX, reverse mortgage, retained earnings, phantom income, option premium, minority interest, labor relations, ex-dividend date, covered put, real GDP, LIBOR, inflation, dividends payable, diluted share, debt service coverage, balance sheet, APR, equities, average price per share, FICO score, FTSE, stock market close
|
|
|
|
