what is an insurance claim 
an insurance claim is a formal request by a policyholder to an insurance company for coverage or compensation for a covered loss or policy event the insurance company validates the claim or denies the claim if it is approved the insurance company will issue payment to the insured or an approved interested party on behalf of the insured insurance claims cover everything from death benefits on life insurance policies to routine and comprehensive medical exams in some cases a third party is able to file claims on behalf of the insured person however in the majority of cases only the person s listed on the policy is entitled to claim payments investopedia nono flores