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? Address Thank you! Oops! Related Contents Extended Care: A Patchwork of Possibilities What is your plan for health care during retirement? Insurance Needs Assessment: When You're Young and Single Even if you’re young and single, you should still consider protecting yourself. Protecting Those Who Matter Most The importance of life insurance, how it works, and how much coverage you need.