Claim


Definition of "Claim"

request by an insured for indemnification by an insurance company for loss incurred from an insured peril.

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Popular Real Estate Terms

Products And Completed Operations Insurance

Coverage for an insured manufacturer for claims after a manufactured product has been sold and/or a claim results from an operation which the manufact ...

Subrogation Principle

Surrender of rights by an insured against the third party to an insurance company that has paid a claim. ...

Counterclaim

Counter action by a defendant against a plaintiff. It is an independent action and just a denial of plaintiff's action. ...

Quiet Title (action)

Judicial action to establish property ownership. In a quiet action, adverse claimants are required to state their claims or be forever stopped from a ...

Adjuster, Staff

Employee of an insurance company who assesses insurance coverage for property claimed to be damaged and determines the insurance proceeds that might b ...

Loss And Loss Adjustment Expense Reserves

Amount of the insurance company's liabilities for claims that have not been settled. If this reserve increases significantly in relation to the compan ...

Popular Real Estate FAQ

What Is A Title Search?

A title search is the process of reviewing court records and other records to ensure that there are no liens or claims against the property you are bu ...

What Is A Lien?

A lien is a claim against a property. ...

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 Is A Quit Claim Deed?

A quit claim deed is a formal document that denies a claim to a certain property. Often used to clear problems with a title or as part of a divorce se ...

What If The Computer I Want To Insure Is Homemade Or Custom-built?

Insurance will cover any homemade or custom-built system, but you will need to have proof of ownership of each of the individual parts within the comp ...

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 ...

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