What does Prior Acts Coverage mean? Read on to discover the definition & meaning of the term Prior Acts Coverage - to help you better understand the language used in insurance policies.
Prior Acts Coverage
A feature of claims-made policies that have either no retroactive date or a retroactive date earlier than the inception date of the policy. Such a policy covers claims during the policy period arising out of events that precede the policy period. Without such a feature, the policy's retroactive date would preclude coverage with respect to these "prior acts."
We hope the you have a better understanding of the meaning of Prior Acts Coverage.