What does Retroactive Insurance mean? Read on to discover the definition & meaning of the term Retroactive Insurance - to help you better understand the language used in insurance policies.
Retroactive insurance is a type of insurance that provides coverage for losses that have already occurred but have not yet been reported. Losses may go unreported because they were forgotten, not recognized, or the paperwork simply wasn't filed when it should have been.
We hope the you have a better understanding of the meaning of Retroactive Insurance.