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Claim definition

A claim is a statement expressing a right over something. Claim can also be a form of asking, or seeking to obtain something, which has rightfully to come to the person making the claim. Claim can also take the form of a proclamation or assertion of a right. A claim is possible only when there is something to be claimed or demanded.


Claim definition can be better elucidated, when we look into the different types of claims that are possible. A claim can be a patent, wherein the inventor describes his invention and what are the different things it can do. When applying for a patent the inventor after describing everything, has to specifically claim the invention as his own.

The other most common form of claim is the insurance claim. In an insurance contract, the insurer expressly agrees to cover certain losses and has to compensate the amount when the such a loss takes place. The application by the insured to recover these losses is called an insurance claim. This claim is then processed by the insurance company, for approval.


Insurance policies are available to cover different types of risks. An individual can take a policy on his automobile, property, health or life, and pay the regular premiums to keep the policy in force. The insurance company collects premiums like this from all its policy holders and uses this money to pay the different claims that come up. Whenever a policy holder suffers the loss covered in the policy, he makes a claim to that effect. This is usually a form that he fills and hands it over at the local branch of the insurance company. The staff of the insurance company then looks into the details of the policy held by that individual, to check whether the loss which he is claiming for, is covered in his policy. There are several clauses in an insurance policy and these can be used against paying the claim, and a claim submitted, does not necessarily mean that the insured is going to get the money.


If the individual has not paid the last premium due, his claim can get rejected. The amount which is being claimed is carefully scrutinized by the company to see whether it is justifiable and the actual loss matches the amount specified in the claim. The claim amount can also be reduced by the company’s adjustors, who investigate the actual loss.

Tags: check, Insurance, money, policy, risk

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