Statement of Claim

A Statement of Claim is a formal document filed by a policyholder or claimant with an insurance company or legal authority, such as a court or arbitration panel, to initiate a claim or legal action. The statement typically outlines the basis for the claim, the damages or losses incurred, and the relief or compensation being sought. Statements of claim are often required by law or contract as a prerequisite to pursuing legal action and serve to notify the insurer or other party of the dispute and the claimant’s intentions.