Extended Reporting Period
/ɪkˈstɛn.dɪd rɪˈpɔːr.tɪŋ ˈpɪə.ri.əd/
Definitions
- (n.) A defined timeframe after an insurance policy expires during which a claim may still be reported and covered under the expired policy.
The insured elected an extended reporting period to cover claims made after the policy's termination.
Forms
- extended reporting period
- extended reporting periods
Related terms
See also
Commentary
Extended reporting periods are critical in claims-made insurance policies to protect insureds against claims reported after policy expiration.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.