Claims
Claim
Definition
A formal request made by a policyholder to an insurance company for payment or coverage under the terms of an insurance policy following a covered loss or event.
In Zach’s Words
“A claim is you raising your hand and saying 'hey insurance company, that thing we talked about happened — time to hold up your end of the deal.' You had a fender bender, a pipe burst, someone got hurt at your shop. Filing a claim starts the process of getting paid.”
— Zach Nadler, CIO