Question

Insurance that pays claims arising out of incidents that occur during the policy term, even if they are filed many years later is known as?

Q: Answer-Insurance that pays claims arising out of incidents that occur during the policy term, even if they...

An Occurrence policy protects you from any covered incident that occurs during the policy period, regardless of when a claim is filed. An occurrence policy will respond to claims that come in even after the policy has been canceled so long as the incident occurred during the period in which coverage was in force.