Does Electrum have insurance against fraud??

[BlackHatCoiner]

But the non-custodial argument doesn't help in this case because bitcoin transactions are equally final and irreversible no matter the type of wallet they were sent from.

I don't disagree.

What I'm telling you (and meant in the first reply) is that IF it's a non-custodial wallet, it surely isn't a fault of a third party. Since Electrum is a non-custodial wallet, it is taken for granted that there're no intermediates; that you're the one who hands out the electronic cash.

If OP sent the coins from a custodial wallet and the transaction was confirmed on the blockchain, can it be reversed?

Depends. If both users use the same exchange and they both own no keys, then it supposedly can be reversed, exchange-side.

[khaled0111]

If OP sent the coins from a custodial wallet and the transaction was confirmed on the blockchain, can it be reversed?

Depends. If both users use the same exchange and they both own no keys, then it supposedly can be reversed, exchange-side.

The transaction itself can't be reversed (canceled) since it has been confirmed already. But in this particular case and since the exchange own both addresses private keys, it can refund the sent amount by resending the same amount from the receiver to the sender. If the receiver has already withdrawn the tokens, the exchange will have to refund it from its own money.

[Quickseller]

Several users are focusing on the non-custodial feature of Electrum:
[...]
That characteristic of Electrum doesn't matter in this particular case. The coins were not stolen, OP wasn't hacked, Electrum didn't misplace or lose the coins due to any fault of their own.

This is the most important detail of OPs message:

the wallet i sent my money to has already transferred the money to somewhere else. Is there any way to file a claim for insurance against Electrum or get my bitcoin back?

Whether the money was sent from Electrum, a casino, a centralized exchange, hot or cold wallet doesn't change anything because he initiated the transaction.

I have a more important detail about the OP's message:

a company called funds-recovery.com has said that we can make a claim

I think most likely the OP is shilling for what is likely a scam site funds-recovery[dot]com. No reputable business is going to say that electrum is liable in this case. It might be understandable for a frustrated user to want to blame someone else for their mistake, but there isn't anyone running a business trying to recover funds from electrum as the OP describes.

[Pmalek]

If OP sent the coins from a custodial wallet and the transaction was confirmed on the blockchain, can it be reversed?

Depends. If both users use the same exchange and they both own no keys, then it supposedly can be reversed, exchange-side.

True, but that's not an on-chain transaction. Centralized exchanges like Coinbase or Binance allow users to transfer "balances" from one account to the other, but those transactions don't move any bitcoins around. The bitcoins were and remain in the wallet of the centralized party, only balances sheets are changed and updated.   

I have a more important detail about the OP's message:

a company called funds-recovery.com has said that we can make a claim

I think most likely the OP is shilling for what is likely a scam site funds-recovery[dot]com. No reputable business is going to say that electrum is liable in this case. It might be understandable for a frustrated user to want to blame someone else for their mistake, but there isn't anyone running a business trying to recover funds from electrum as the OP describes.

It doesn't necessarily have to be shilling for that site, but you are right, it could be. It could also be just a scam site he found that is looking to take advantage of people who lost money in an attempt to profit from their ignorance.