What is a Claim? Claim[kleym]noun1.An insurance Claim is a policyholder’s request to an insurance company for restitution based on the terms of the insurance Policy. The insurance company, through an Adjuster, investigates the validity of the Claim and pays the policyholder. Share | Have A Question About This Topic? Name Email Address Message Thank you! Oops! Related Contents Your DNA Test If your family relies on your income, it’s critical to know what their needs would be in the event of your death. Insurance Needs Assessment: Married With Children When you’re married and have children, insurance needs will be different. Long-Term-Care Protection Strategies The chances of needing long-term care, its cost, and strategies for covering that cost.