What is a sinistro in insurance?
In insurance, a sinistro refers to an incident or event that triggers an insurance claim. It generally denotes any damaging or adverse occurrence that is covered by an insurance policy, resulting in financial loss or liability to the insured. This can encompass various incidents such as vehicle accidents, property damage, theft, natural disasters, or personal injuries. Once a sinistro occurs, the insured party can typically file a claim with their insurance company to seek reimbursement or compensation for the losses incurred. Insurance policies often provide detailed information on what constitutes a sinistro and the specific coverage provided for different types of incidents.
This mind map was published on 31 January 2024 and has been viewed 33 times.
