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claim-paying

 

Definitions from the Web

Claim-paying

Part of Speech: Adjective

Sense: Describes an entity or institution that has a reputation for promptly and reliably settling claims.

Usage: Popular in the insurance industry to determine the reliability of an insurance company in fulfilling their claim obligations.

Related Products on Amazon: Claim-Paying Insurance


Part of Speech: Noun

Sense: The act or process of paying a claim.

Usage: A crucial aspect of insurance companies' operations involves thorough claim-paying to ensure customer satisfaction.

Sample Sentence: The claim-paying process was swift and efficient, demonstrating the insurance company's commitment to their policyholders.


Part of Speech: Noun

Sense: A feature or characteristic of a product or service that guarantees compensation if certain conditions are met.

Usage: Consumers often consider the claim-paying aspect of warranties before making a purchase.

Sample Sentence: The claim-paying guarantee provided peace of mind to the customers, assuring them of receiving compensation for any defects.


Part of Speech: Adjective

Sense: Describes a location or region where there is a significant number of insurance claims being paid.

Usage: Local markets with higher accident rates tend to be claim-paying regions for insurance providers.

Sample Sentence: Living in an area prone to harsh weather conditions makes it necessary to select a claim-paying insurance company.

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