WHAT IS AN INSURANCE CLAIM?
When you pay an insurance premium, you're buying a promise. And when you buy our insurance policy, our promise is to investigate, manage, and resolve your covered claim - so you can move forward with getting back to business as soon as possible.
An insurance claim is a formal request by a policyholder to an insurance company asking for payment (compensation) under the terms of an insurance policy. The insurance company reviews the claim for its validity and then pays out to the insured or requesting party (on behalf of the insured) once approved. Insurance claims cover losses, expenses, compensation as per the terms of the insurance policies. In many cases, third-parties file claims on behalf of the insured person, but usually, only the person(s) listed on the policy is entitled to claim payments.