FR Second Header Help & Support Main navigation Get a Quote Auto Quote Home Quote Bundle Quote Call 1-877-236-0924 FR Second Header Help & Support Help & Support - Glossary Search Glossary FAQGlossary What is a settlement? A settlement is usually a claim payment. It arises from an agreement between both parties to the policy contract as to the amount and method of payment.Did that answer your question?YesNo More FAQs Auto InsuranceHome Insurance