What Does Claim Expense Mean?

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What does Claim Expense mean? Read on to discover the definition & meaning of the term Claim Expense - to help you better understand the language used in insurance policies.

Claim Expense

Claim Expense

Expenses of adjusting claims for example, allocated claim expenses; court costs, fees, and expenses of independent adjusters, lawyers, witnesses, and other expenses that can be charged to specific claims; and unallocated claim expenses that represent salaries and other overhead expenses that are incurred in adjusting and recording claims but that cannot be charged against specific claims.

We hope the you have a better understanding of the meaning of Claim Expense.

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