What is a claim?
The Bankrate.com financial term of the day is: "claim."
A claim is when your insurance literally pays off. All that money you've been pouring into premiums turns out to have been a good investment because it's your turn to get some cash from the insurer to pay for something that's covered under your policy, such as a loss or medical service. You make a claim for the payout you're entitled to.
A claim is your way of getting what's coming to you when you have an insurance policy.
To get an insurance quote, visit the Insurance section at Bankrate.com.