insurance payout; insurance money
Refers to the money paid out by an insurance company when a claim is made. Used in contexts like life insurance, accident insurance, and property insurance.
The fire insurance payout was made.
He received the life insurance money.
After the accident, he received the insurance payout.
The review finally finished, and the insurance payout came through.
I filed a claim for the insurance payout to cover the fire damage.
The insurance company promptly paid out the insurance money.