What does Reporting Period mean? Read on to discover the definition & meaning of the term Reporting Period - to help you better understand the language used in insurance policies.
A reporting period is the period of time during which an insurance policyholder can report claims. If a claim is reported after this period, it will usually not be reimbursed, unless the policy specifically states that claims will be reimbursed after the reporting period expires.
More Insurance Terms And Definitions
The Merriam-Webster Dictionary defines insurance as:
b: Coverage by contract whereby one party undertakes to indemnify or guarantee another against loss by a specified contingency or peril.
c: The sum for which something is insured.
We hope the you have a better understanding of the meaning of Reporting Period. If you are looking for the meanings of other important insurance terms and their definitions, just click on the letter below to find the words & concepts you are looking for: