Assertion: claim | /r/HasProperty | made against the insured
Facets:
value: during the policy period
type: TEMPORAL
value: for an incident
type: CAUSE
value: to trigger coverage
type: PURPOSE
Source sentences:
text: Claims-Made Policy — a policy providing coverage that is triggered when a claim is made against the insured during the policy period, regardless of when the wrongful act that gave rise to the claim took place.
text: This is the very essence of a claims-made CGL policy—the claim must be made against an insured during the policy period to trigger coverage.
text: The "claims-made" CGL is triggered when a claim for bodily injury or property damage is made against an insured.
text: Trigger A type of coverage trigger that obligates an insurer to defend and/or pay a claim on an insured's behalf, if the claim is first made against the insured during the period in which the policy is in force.
text: Coverage will apply to claims made against the insured during this time period.
text: —regardless of when the claim arising out of that incident is made against the insured.
text: Thus, under an occurrence policy with a term of January 1, 2015-2016, coverage would apply to claims arising from incidents that occurred during the January 1, 2015-2016, period, irrespective of when the claims are made against the insured or reported to the insurer.
text: Provision A claims-made coverage trigger requiring that a claim be both made against the insured and reported to the insurer during the policy period for coverage to apply.
text: For example, a January 1, 2010, retroactive date in a policy written with a January 1, 2010-2011, term, would bar coverage for claims resulting from wrongful acts that took place prior to January 1, 2010, even if claims (resulting from such acts) are made against the insured during the January 1, 2010-2011, policy period.
text: Second, the BERP will also respond to a claim made against an insured for an incident NOT previously reported to the insurer.
text: Thus, the SERP extends the policy for an "unlimited duration," meaning that coverage is provided for any claim that is made against an insured, provided the claim results from bodily injury or property damage that occurred after the retroactive date and before the end of the policy period.