Retroactive Insurance

Updated: 11 March 2024

What Does Retroactive Insurance Mean?

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.

Insuranceopedia Explains Retroactive Insurance

Many insurance policies have retroactive dates. Retroactive dates are dates before which an insurance company will not provide any coverage. So, if a claim is filed for a loss that took place before the retroactive date, it will not be covered. However, retroactive insurance can be purchased to provide coverage for losses that occurred before a specific retroactive date.

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