A claimant in the context of insurance is an individual or entity that asserts a right to receive benefits or compensation under the terms of an insurance policy. The claimant is typically the policyholder or a person designated by the policyholder, but can also be a third party who has suffered a loss or injury for which the policyholder’s insurance coverage is liable. When a claimant files a claim, they are formally requesting that the insurance company provide the payment or services promised in the insurance contract, based on the occurrence of the insured event, such as an accident, theft, or damage to property. The insurance company will then assess the claim to determine its validity and the extent of the coverage before disbursing the appropriate funds or providing the agreed-upon services to the claimant.
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