What does Prior Insurance mean? Read on to discover the definition & meaning of the term Prior Insurance - to help you better understand the language used in insurance policies.
Prior insurance is a type of policy that, when issued, covers acts that occurred before the date the policy was issued. This is mostly applicable to liabilities that took place in the past but are only legally acted upon once the policyholder has already purchased the policy.
We hope the you have a better understanding of the meaning of Prior Insurance.