claim settlement
Insurance dispute closure
Claim settlement is the resolution of an insurance claim—the process by which an insurer pays out on a policy after a covered loss.
The term covers both the negotiation and the final payment: The claim settlement took three months.
In legal contexts, it may refer more broadly to resolving any disputed claim through agreement rather than litigation.
- adjusterOne who calibrates
- policyholderOwner of insurance contract
- documentationWritten proof or instructions
- reimbursementPayment for incurred expenses
- claimantOne asserting entitlement
restitution · bad faith · payout · subrogation · compensation · coverage limit · damages · pain and suffering · deductible · fair market value · insurance claims · negotiation · final offer · payment plan · verdict · verification · liability · liability insurance
claim settlementlitigation
Legal dispute process
lawsuit · court battle · trial · legal action · arbitration
claim settlementclaim denial
Refusal to pay out
denied claim · repudiation · declination · nonpayment · denial