A formal request from the customer to an insurance company asking for a payment based on the terms of the insurance policy Deductible Claim Comprehensive overage Copay

The correct answer is: Claim.<br /><br />A claim is a formal request made by a policyholder to an insurance company, asking for payment based on the terms of the insurance policy. When an insured event occurs, such as an accident or illness, the policyholder submits a claim to the insurance company, providing all necessary documentation and information to support the request for payment. The insurance company then reviews the claim to determine if it is valid and processes the payment according to the the policy.