Define insurance claims

After a claim is filed, the insurance company may send out an investigator called an adjustor or appraiser. This person's job is to objectively evaluate the damage. Noun, 1. insurance claim - demand for payment in accordance with an insurance policy. claim - demand for something as rightful or due. they struck in support. Definition of insurance claim: Notification to an insurance company requesting payment of an amount due under the terms of the policy. also called claim. Lloyd's Coffee House was the first marine insurance company. To indemnify means to make whole again, or to be reinstated to the position that one was in. Claim definition, to demand by or as by virtue of a right. demand as a right or as due: a request or demand for payment in accordance with an insurance policy.

That means we will have insurance claims. That makes many people not think so positively about insurance anymore. The insurance claim sometimes brings up. Learn more about subrogation, the process an insurance company uses to seek reimbursement from the responsible party for a claim it has already paid. We've compiled a list of terms and their definitions to better help you By law, some states don't permit insurance companies to claim certain goods and. Let's start with a simple definition. A health insurance claim is a bill for health care services that your health care provider turns in to the insurance company for.

Definition of claim department: The insurance company's department that assesses whether claims will be paid. By definition, that request is called a claim. Claims adjuster: A representative of an auto insurance company who investigates and settles claims to ensure that all. Top Definition. insurance company. Evil multi-billion dollar corporations that earn a profit from your premiums, and then find any loophole they can so they can.

Definition of claim from the Merriam-Webster Online Dictionary with audio a demand for something due or believed to be due . 2. Definition of claims processing: The fulfillment by an insurer of its obligation to receive, investigate and act on a claim filed by an insured. It involves multiple.

But in car insurance terms, the word has a different meaning. Search. Allstate Insurance Company Logo Comprehensive Coverage: A Definition. Auto insurance claims are simple with State Farm. Find out what to do immediately following an accident and how to start the auto claims process. Some words and/or phrases may be defined differently by other entities, or used in a Admitted Company - an insurance company licensed to do business in a. This embodies the concept and reasoning behind insurance subrogation. By definition, a subrogation claim allows the innocent paying party, also known as a.