The claim relates to a → Insurance claim, which occurs during the term of an insurance policy in relation to specific insured persons, property or rights. In the event of a claim, the loss has already occurred. A hailstorm, for example, is the → Insurance claim, the detached house damaged as a result of this incident.

Source reference: See the VDT publication “VDT Article Series, Part 5 | Glossary“ and the source cited there.