Phrases with «occurrence policy»

The term "occurrence policy" refers to an insurance policy that covers claims based on when an incident or event occurred. This means that as long as the incident happened during the policy period, it will be covered, regardless of when the claim is actually made. Full definition

policy (parent phrase)
occurrence (parent phrase)

occurrence policy

Sentences with «occurrence policy»

The primary advantage of occurrence policies is that they cover «long - tail» claims, meaning claims that arise many years after the policy has expired. (thebalance.com)
Contracts commonly require is a $ 1 million per occurrence policy. (progressivecommercial.com)
If Tasty Treats was insured under occurrence policies, the claim would be covered by the policy that was in effect when the injury occurred. (thebalance.com)
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Phrases with «occurrence policy»

Sentences with «occurrence policy»

See also