Question

What coverage covers claims that arise from injury or damage occurring before the policy period, but reported to the insurer after the policy period begins?

Answer 1

Retroactive coverage is the type of insurance that covers claims for injuries or damages that occurred before the policy period but were reported after the policy period begins.

Step-by-step explanation:

The coverage that covers claims that arise from injury or damage occurring before the policy period, but reported to the insurer after the policy period begins, is known as retroactive coverage. Retroactive coverage provides protection for incidents that occurred in the past but were not discovered or reported until after the policy went into effect.For example, let's say a homeowner's insurance policy has a retroactive coverage clause. If the homeowner discovers a hidden leak that caused damage to the house, but the leak started before the policy period, the homeowner can still make a claim and be covered for the damages.