The standard insurance claim process consists of four primary stages: (1) Initial Claim Notification, where the policyholder reports the incident, damage, or loss to the insurer; (2) Claim Investigation and Evaluation, where an assigned adjuster or claims specialist reviews policy terms, inspects damages, and gathers evidence; (3) Claim Decision and Settlement, where the insurer approves or denies coverage and issues payment payouts; and (4) Claim Closure, concluding the file.
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