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Insurance vocabulary · Claims

Claim

Meaning in insurance, with examples

/kleɪm/nounCore term

In insurance, claim means: A formal request to an insurance company to pay for a loss, damage or medical cost that the policy covers.

In Turkish: hasar talebi, tazminat talebi, hasar dosyası

How it is used

The central word of claims departments. Customers make or file a claim; the insurer registers, assesses, approves, rejects and settles it. Staff speak of claim numbers, open claims and claims handlers.

Example sentences

  1. We received over 3,000 claims in the week after the hailstorm.

  2. Your claim has been approved, and the payment will reach your account within five working days.

Common collocations

  • make a claim
  • settle a claim
  • reject a claim
  • claim number
  • claims department
  • file a claimTo officially ask an insurance company to pay for a loss, usually by reporting it and sending the required forms and documents.
  • claims adjusterA specialist who investigates a claim, inspects the damage and decides how much the insurance company should pay.
  • settlementThe final agreement on a claim and the payment that closes it, made after the insurer and the claimant accept the amount.
  • payoutThe money an insurance company pays to a customer or beneficiary after a valid claim.
  • lossDamage, destruction or a financial cost suffered by an insured person or property, which may lead to a claim.

This word in other fields

The same English word can have a different meaning in another field:

More terms: Claims

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This page explains English vocabulary for learners. It is not financial advice.