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 Accidents Accidents happen to everyone. We’re here to help. Did You Know This Fact About Flushing the Toilet? Did you know you can still flush the toilet, even if your well pump is stopped. Long-Term-Care Protection Strategies The chances of needing long-term care, its cost, and strategies for covering that cost.