Definition of "Settlement"

Javier Cortez real estate agent
Javier Cortez, Real Estate Agent Brick Road Real Estate

disposition of a claim or policy benefit. Policies may specify time limits for payment of claims or benefits and designate various methods of settlement at the option of the insurer or the insured.

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

 
 
 
*** Your email address will remain confidential.
 
 
 

 

Popular Insurance Terms

Popular Insurance Questions