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 If a Tree Falls Do you know what to do if a tree falls on your house, damaging your roof? Did You Know This Fact About Foggy Conditions? Foggy conditions make driving more hazardous, but high beams aren't the answer. Long-Term-Care Protection Strategies The chances of needing long-term care, its cost, and strategies for covering that cost.