Scribd
Upload
8 views1 page

Understanding Insurance Claims Explained

An insurance claim is a request by a policyholder to an insurance company for compensation for a covered loss or event, the insurance company will validate and approve or deny the claim, if approved payment will be issued to the insured or approved party.

Uploaded by

VirajRaut
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as TXT, PDF, TXT or read online on Scribd
8 views1 page

Understanding Insurance Claims Explained

An insurance claim is a request by a policyholder to an insurance company for compensation for a covered loss or event, the insurance company will validate and approve or deny the claim, if approved payment will be issued to the insured or approved party.

Uploaded by

VirajRaut
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as TXT, PDF, TXT or read online on Scribd

What Is an 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. The insurance
company validates the claim (or denies the claim). If it is approved, the insurance
company will issue payment to the insured or an approved interested party on behalf
of the insured.

Insurance claims cover everything from death benefits on life insurance policies to
routine and comprehensive medical exams. In some cases, a third-party is able to
file claims on behalf of the insured person. However, in the majority of cases,
only the person(s) listed on the policy is entitled to claim payments.

You might also like