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 Question Thank you! Oops! Related Contents Combine Your Policies and Save Some things just make perfect sense in pairs. Did You Know This Fact About Claims Advances? If a fire forces you out of your home, you can ask for a claim advance. Long-Term-Care Protection Strategies The chances of needing long-term care, its cost, and strategies for covering that cost.