An insurance claim is a formal request made by a policyholder to their insurance company for compensation or coverage for a loss or damage. This process typically occurs after an event, such as an accident or natural disaster, that is covered by the policy. The policyholder submits details about the incident, along with any necessary documentation, to support their claim. Once the claim is submitted, the insurance company reviews the information to determine if it meets the terms of the policy. If approved, the company will provide financial compensation or services as outlined in the policy agreement.