What document is provided to a claimant after a claim is settled?

The document provided to a claimant after a claim is settled is a claim settlement letter. This letter serves important purposes. It formally communicates the outcome of the claim process to the claimant, detailing the terms of the settlement and often specifying the amount being paid and any conditions associated with the payment. This ensures clarity for both the claimant and the insurer, establishing what has been agreed upon following the claim assessment.

In contrast, the other documents mentioned serve different roles. A denial letter is provided when a claim is not accepted or is rejected for specific reasons, and it will outline those reasons to the claimant. A policy renewal notice is related to the continuation of an insurance policy and does not pertain to the settlement of a specific claim. Lastly, a claim investigation report documents the findings from the investigation of the claim but is not issued after a settlement is finalized; it is used during the claims process to guide decisions.