Question

How is the claimant different from the insured?

Asked question is from Insurance subject matter

I have been asked this question during an online exam.

Other related questions to my question are:-

What is the difference between a claimant and an insured?

What is the difference between claim and claimant?

What is the claimant in insurance?

Who is the claimant in a case?

What is a claimant and respondent?

Who is a claimant in law?

Answer 1

The correct answer by me is: Simply put, the “insured” is a person or business entity that is covered by insurance. A “claimant,” on the other hand, can be any person or organization that suffered a loss and files a request to receive benefits from the insurer. One claim could result in more than one claimant.

The title of my answer is What Does Claimant Mean in Business Insurance?