PGI - Personal General Insurance

What is 'extended reporting period' (tail coverage) in a claims-made policy?

An extension of the policy period for new incidents A period after policy expiry during which claims can be reported for incidents that occurred during the policy period An automatic renewal of the policy for a shorter period Coverage for incidents during the extended period only

Correct Answer:

A period after policy expiry during which claims can be reported for incidents that occurred during the policy period

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