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 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. 10 Most Common and Costly Small Business Claims Here are the 10 most common claims against small businesses. Are you covered? Protecting Those Who Matter Most The importance of life insurance, how it works, and how much coverage you need.