The phrase "covered claim" refers to a situation where an insurance policy will provide financial protection or compensation for a certain event or damage. Full definition
Like a traditional insurance plan, a general liability policy pays for covered claims up to a specified limit. (generalliabilityinsure.com)
Traditional homeowners and business property damage insurance policies do not cover claims for earthquake damage. (trustedchoice.com)
They are quick to reimburse and they have never given us a hard time or tried to «get out» of covering any claims that should be covered. (consumersadvocate.org)