Claim Expense


Definition of "Claim expense"

James Mazza real estate agent
James Mazza PalmerHouse Properties

Cost incurred in adjusting a claim. Claim-adjustment expenses include such items as attorneys' fees and investigation expenses (e.g., witness interviews). The claim settlement dollar amount awarded to the injured party is not considered a claim expense item.

Have a question or comment? We're here to help.

 
 
 
*** Your email address will remain confidential.
 
 

Search Real Estate Terms

 

Popular Real Estate Terms

Health Care Power Of Attorney

Legal instrument that authorizes a person to make medical decisions for another person should that person become permanently or temporarily incapable ...

Blanket Bond

Coverage for an employer in the event of dishonesty of any employee. ...

Credit Receivable Risk

Risk that premiums and reinsurance, as well as other receivable instruments, will not be collected. ...

Messenger Robbery Insurance

Coverage for an insured who is authorized to convey property such as money, securities, and other valuables, away from a business's premises. ...

Corporation Stock Purchase Plan

Same as term Close Corporation Plan: prior arrangement for surviving stockholders to purchase shares of a deceased stockholder according to a predeter ...

Normal Retirement Age

Earliest age at which an employee can retire without a penalty reduction in pension benefits after having reached a minimum age and served a minimum ...

Popular Real Estate FAQ

What Do I Need To Know About RV Insurance?

Your motor home can be both your transportation and your home away from home. So like your auto and your home, you need to safeguard it with the prope ...

What Do I Need To Know About Watercraft Insurance?

You need separate coverage for the variety of risks you face when storing, launching, hauling or running your seaworthy vessel. Boats, and other water ...

How Do I File An Insurance Claim?

Call your Insurance agent or Insurance Company \"Claims Hotline\" as soon as possible. Getting your agent\'s help, may speed things along. ...

What Should I Do If I'm In An Accident?

1.- Stay Calm. Determine the injuries and or damage. 2.- Call the police. File an accident report and obtain medical assistance if needed. 3.- L ...

What Do I Need To Know About Auto Insurance?

Choosing the auto insurance requires consideration of manyfactors- Take into account everything you own and the reasons to protect them. The year of ...

What Do I Need To Know About Motorcycle Insurance?

You need an insurance policy that is tailored in your needs in mind. Take liability for example. Guest passenger liability helps protect you bodily in ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews
Read Reviews

Agents join here
Add real estate terms app
on your Website

Real Estate Advice

Spring Landscaping Ideas to Improve Curb Appeal and Sell Your House DIY Home Improvement to Increase Your Home Value Moving Tips: House Relocation Stress Free Increase Your Home Value With These Home Improvement Ideas Down Payment: Everything You Wanted to Know

FAQ

What is a contingency? What is an origination fee? How do I file an Insurance Claim? What is a credit report? What is a wraparound mortgage?