If you choose not to renew a policy as of June 30, and suit is brought against you on July 30 for an incident that occurred on June 30, you are not covered. This is considered what type of policy?

Question

Quizplus · Accepted Answer

A claims-made policy means that coverage is provided for any claim made while the policy is in force. In this instance, the policy was not in force on July 30, so the defendant would not be covered.

If You Choose Not to Renew a Policy as of June