Who is eligible to make claims on an insurance policy?

The eligibility to make claims on an insurance policy can encompass a diverse group of individuals, which makes the option stating "All of the above" the correct choice.

The insured, naturally, has the right to file a claim directly with the insurer since they are the party most directly involved in the policy. Beneficiaries, on the other hand, are specifically named individuals who are entitled to receive the benefits from the policy in the event of a claim, such as life insurance payouts. Their eligibility stems from their designation in the policy, which grants them the authority to make a claim when the insured event occurs.

Moreover, creditors can also be eligible to make claims under specific circumstances, such as when a court order mandates that a claim be paid out to satisfy a debt owed by the insured. This can occur in situations involving bankruptcy or divorce, where a court may decide that certain monetary assets should be allocated to creditors or dependents.

Thus, the comprehensive nature of the right to make claims includes the insured, the named beneficiaries, and, under specific conditions, creditors or as dictated by court orders, making "All of the above" the most accurate representation of the eligible claimants on an insurance policy.