What Does Claims Made Mean?

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What does Claims Made mean? Read on to discover the definition & meaning of the term Claims Made - to help you better understand the language used in insurance policies.

Claims Made

Claims Made

Policies on a "claims made" basis cover claims reported during the policy terms, regardless of the date of occurrence. In contrast, "occurrence" policies cover claims which occur during the policy term, regardless of when reported.

We hope the you have a better understanding of the meaning of Claims Made.

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