A Claim is a formal request by an insured party seeking indemnification for a loss incurred due to a covered peril under the terms of an insurance policy.
A comprehensive report furnished by an adjuster to an insurance company, documenting the payment the insurer is obligated to make under the policy terms.
An individual or entity whose interests are safeguarded by an insurance policy against various losses including property, life, health, and more.
An insured account is a financial account at a bank, savings and loan association (S&L), credit union, or brokerage firm that is protected by federal, state, or private insurance organizations. This entry explores various types, coverage limits, and implications of insured accounts.
