Policy Period

  • 3 Posts
  • 1 Sections
  • 1 Types
August 31, 2024 5 min read Definitions
Aggregate Limit: Maximum Coverage for Policy Period
Insurance Finance Insurance Aggregate Limit Coverage Limit Policy Period Risk Management
The maximum amount an insurer will pay for all losses during a policy period, typically one year. Understanding aggregate limits in insurance policies.
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August 31, 2024 5 min read Definitions
Claims-Made Policy: Insurance Coverage Specific to Claims and Incident Period
Insurance Insurance Claims-Made Policy Policy Period Extended Reporting Period Incident
A claims-made policy is a type of insurance that provides coverage only if both the incident and the claim occur within the active policy period or within an extended reporting period.
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August 25, 2024 3 min read Definitions
Fixed Premium: Consistent Payment Structure in Insurance
Insurance Finance Fixed Premium Insurance Payments Consistent Payment Premium Structure Policy Period
A comprehensive explanation of fixed premium payment for coverage that remains throughout the same premium-paying period, including its characteristics, benefits, and considerations.
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