insurance

What is a claim?

 

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.

advertisement

Show Bankrate's community sharing policy
          Connect with us
advertisement
CAR & MONEY NEWSLETTER

Get cost-cutting tips for buying, selling and maintaining your wheels. Delivered monthly.

advertisement
Partner Center
advertisement

Blog

Tara Baukus Mello

Bad-credit car loans lowest since 2012

Car loans for consumers with the worst credit, so-called subprime and deep subprime, have fallen to its lowest share of auto loans overall since 2012.  ... Read more


Connect with us