Insurance Lesson

Policy Period

Shannon Springer
25 seconds
Insurance

A policy period is the time the coverage is in effect. Typically starting at 12:01 am on the date on the policy declarations page and ending on 12:01 am on the end date. Most policies are 12 months however some auto policies can be only six months.

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What This Video Covers

A policy period is the time the coverage is in effect. Typically starting at 12:01 am on the date on the policy declarations page and ending on 12:01 am on the end date. Most policies are 12 months however some auto policies can be only six months.

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Insurance Terms to Know

Occurrence Policy

An occurrence policy responds to covered injury or damage that occurs during the policy period, even if the claim is reported later.

See Definition