insurance payouts
Coverage benefit disbursements
Insurance payouts are payments made by an insurance company to a policyholder or beneficiary when a claim is approved.
The term typically appears in discussions of settlements after accidents, natural disasters, or deaths: The insurance payout barely covered the cost of repairs.
Large payouts may come as lump sums or structured settlements spread over time.
- wrongful deathDeath caused by another's fault
- totaled carIrreparably damaged vehicle
- checkOrder to pay
- beneficiariesThose who receive advantages
- pain and sufferingDistress from harm
statutory limits · accidents · claim · claims process · indemnity · policyholders · theft · lump sum · claim denial · death · cash value · adjuster · actuary · settlement · natural disasters · act of God · subrogation · relief
- passive incomedividends, interest, rental income, royalties, capital gains
insurance payoutsinsurance premiums
Periodic payments for coverage
premium payments · premiums · policy premiums · monthly premiums · deductibles