What is Occurrence Policy?
Regardless of when the claim was made, the policy includes a claim for loss or injury during the policy period. Most commercial liability insurance (CGL) is written on the event form. Unlike Claims Med coverage, Claims Med mobilizes policy.
Loss insurance covers compensation for losses incurred during the term of the insurance policy. With such an agreement, the insured has the right to claim compensation for losses incurred during the term of the policy, even if several years have elapsed and the insurance contract has not expired.
- Insurance policy covers loss claims during the term of the insurance policy, even after the policy expires.
- They specifically monitor incidents that may cause injury or damage many years after the incident, such as: B. of hazardous chemicals.
- Event policy is an alternative to making a complaint and is only useful if the complaint was made while the policy was active.
- The insurance company usually limits the total coverage offered by the policy in the event of this.
Literal Meanings of Occurrence Policy
Meanings of Occurrence:
Events or events.
Sentences of Occurrence
Once upon a time, vandalism was a rare occurrence
Synonyms of Occurrence
eventuality, development, circumstance, phenomenon, happening, contingency, experience, incident, affair, event, matter
Meanings of Policy:
An act or principle that is adopted or proposed by a government, party, company or individual.
Synonyms of Policy
proposed action, code, plans, programme, theory, notions, stratagem, blueprint, intentions, position, approach, scheme, attitude, system, strategy, schedule, guidelines, line, stance