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Insurance Claim

Insurance Claim Definition

Insurance Claim is a request submitted to an insurance company demanding payment of an amount due under the terms of the policy. The insurance claim process usually requires some time: before the claim is processed, claim adjusters perform an investigation for validity and the amount specified in the policy is paid out to the insured after approval. In some cases, the claim is filed by third parties on behalf of the insured, but usually only the person listed on the policy is entitled to submit claims.

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