What does Retroactive Date mean? Read on to discover the definition & meaning of the term Retroactive Date - to help you better understand the language used in insurance policies.
The retroactive date is the day when insurance coverage begins. Claims filed for dates before this day will not be covered. However, claims filed on or after this date will receive coverage as long as the claim is filed within the limits of the coverage period.
We hope the you have a better understanding of the meaning of Retroactive Date.