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670 Lafayette Ave, Brooklyn,
NY 11216

+1 800 966 4564
+1 800 9667 4558

Distinction between a loss and a claim

A claim is a request by the insured to be indemnified by the insurer following a financial loss.

A loss is the occurrence of the insured event such as fire which results in a financial disadvantage of the insured.

A loss event might arise but this may not necessarily translate to a claim because the loss event may be excluded by the policy terms, or certain laid down conditions may have not been met. A claim can be made without the insured loss event happening. In such case, the claim would be invalid.

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