A Claim Report is a document furnished by the adjuster to the insurance company (insurer) that details the amount of payment the insurer is legally obligated to provide to or on behalf of the insured under the terms of the policy.
Protection under life and health insurance policies for dependents of a named insured, including a spouse and unmarried children under a specified age.
An insurance claim is a formal request made by the insured to an insurance company for payment of a benefit related to an incident covered by their insurance policy.
An insurance contract is a legally binding unilateral agreement between an insured and an insurance company. In exchange for premium payments, the company covers specified perils or losses.
An individual or entity whose interests are protected under an insurance policy designed to indemnify against loss of property, life, health, etc.
Life insurance is a policy that pays a death benefit to beneficiaries upon the insured's death in return for premiums.
