What does Claims Made Basis Liability Coverage mean? Read on to discover the definition & meaning of the term Claims Made Basis Liability Coverage - to help you better understand the language used in insurance policies.
Claims Made Basis Liability Coverage
Claims made basis liability coverage refers to liability insurance coverage that only covers claims made during the actual policy period. In other words, even if the event that caused the claim happened during the policy period, it will only be covered if the claim is filed during the policy period. Any claims filed after the policy period are not covered.
We hope the you have a better understanding of the meaning of Claims Made Basis Liability Coverage.