( Insurance : Claims )
claim1, claim2, claim3
Losses are reported immediately, with generous reserves established within days or
weeks of claims notification.
Some policies have high demands in relation to claims notification, requiring immediate notice or at best notification as soon as possible.
Claims notification is the process of informing an insurance company that a loss has occurred and that
the policyholder intends to ask for money as a result.
Collins English Dictionary. Copyright © HarperCollins Publishers