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 Content Extended Care: A Patchwork of Possibilities What is your plan for health care during retirement? What is Exposure? Do you know what Exposure is? Long-Term-Care Protection Strategies The chances of needing long-term care, its cost, and strategies for covering that cost.