An insurance claim arises when an insured event such as fire, accident, theft, sickness, occurs resulting in a financial loss to the insured, or, in case of life assurance, death of the person insured or maturity of the policy. A claim will also arise out of liability of the insured to third parties. A third party is a person not connected with the insurance contract. These events will only translate to insurance claims if they were covered by the policy in question.
