{ "@context": "https://schema.org", "@type": "DefinedTerm", "name": "Claim", "description": "A claim is a formal request to your insurer for payment after a covered loss. Filing a claim opens an investigation, an adjuster review, and a settlement process.", "inDefinedTermSet": { "@type": "DefinedTermSet", "name": "Insurance Terms Glossary", "url": "https://olivecover.com/insurance-terms" } }
Olive Cover
AboutFree Coverage Review
General

Claim

A claim is a formal request to your insurer for payment after a covered loss. Filing a claim opens an investigation, an adjuster review, and a settlement process.

A formal request to your insurer for payment after a covered loss. Filing a claim opens an investigation, an adjuster review, and a settlement process. Example: a kitchen pipe bursts and floods your floors. You file a claim, the carrier sends an adjuster, the adjuster writes an estimate, you choose a contractor, and the carrier pays in two installments: actual cash value first, recoverable depreciation after the work is done.