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 Extended Care: A Patchwork of Possibilities What is your plan for health care during retirement? What to Look for in a Long-Term Care Policy Here’s a list of 10 questions to ask that may help you better understand the costs and benefits of long-term-care insurance. Protecting Those Who Matter Most The importance of life insurance, how it works, and how much coverage you need.