Claims History (Insurance & Financial Protection) - Definition, Examples, Advice | Bolder Money

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Benefit Cap Benefit Cap

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Claims History Claims History

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Exclusion Clause Exclusion Clause

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Extended Warranty Extended Warranty

Financial Product Disclosure Financial Product Disclosure

Financial Protection Plan Financial Protection Plan

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Loss Adjustment Loss Adjustment

Loss Experience Loss Experience

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Loss Ratio Loss Ratio

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Policy Limit Policy Limit

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Policy Rider Policy Rider

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Policy Upgrade Policy Upgrade

Policyholder Dividend Policyholder Dividend

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Pre-Existing Condition Exclusion Pre-Existing Condition Exclusion

Premium Adjustment Premium Adjustment

Premium Financing Premium Financing

Premium Loading Premium Loading

Premium Refund Premium Refund

Premium Waiver Premium Waiver

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Property Liability Property Liability

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Risk Analysis Risk Analysis

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Definition

A record of all the claims you have filed in the past. It helps insurers determine your risk level and can affect your premiums.

What to consider

Understand the conditions for a premium refund.
Keep documentation of claim history.
Review refund policies during renewal.

Real world scenarios

After a year with few claims, an insurer issued a premium refund to policyholders.
A mutual insurance company returned a portion of the premium as a refund to its members.
An individual received a premium refund after an overcharge was corrected on his bill.

Related terms

Insurance & Financial Protection

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