by al_1 » Tue May 19, 2009 10:48 am
My homeowners policy covers for personal injury claims made after the effective date of the policy. It does not cover for claims or suits made during the policy period which are alleged to have happened before the effective date of the policy. Can one buy a homeowners policy that covers you if a claim is made during the policy period but which may have occurred before the effective date. I believe this is called a claims made policy If so which companies offer such coverage
Posted: Tue May 19, 2009 10:51 am Post Subject:
I am not an expert but find your question interesting. I guess in my mind I can not imagine an insurer taking on a person whom has a claim that is pending. There very well may be. I will watch for the answer on this one.
Posted: Tue May 19, 2009 11:02 am Post Subject:
Al, I have never heard of such a policy and cannot imagine any company writing a policy that would include claims that occured prior to it's inseption date....that just doesn't make sense...
Please explain alittle more about what happened and when your policy period was.
Posted: Tue May 19, 2009 01:14 pm Post Subject:
I've never heard of a homeowners policy that was on a claims made basis. I've always seen then on an occurrence basis. Larger commercial policies can sometimes be on a claims made basis and this is because of the nature of those types of claims.
My homeowners policy covers for personal injury claims made after the effective date of the policy. It does not cover for claims or suits made during the policy period which are alleged to have happened before the effective date of the policy.
Keep in mind that this is typical... it's nothing unusual. If the occurrence was during the policy period, the policy provides coverage even if the claim is not presented until after the policy expires.Posted: Sat May 23, 2009 10:55 am Post Subject:
Its quite out of question for the insurers to cover a claim that had occurred before the commencement of the policy.
However, I remember reading in this board that at times insurers back date the policies in order to cover an incident that has happened prior to the coverage. But I think they also charge pretty high for that as well. Is the OP asking about that type of plans?
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