Under the Discovery form, a loss is covered if discovered during the policy period or within how many days after expiration, regardless of when it occurred?

Prepare for the Florida Claims Adjuster (6-20) Test. Use flashcards and multiple choice questions, with hints and explanations for each question. Ace your exam!

Multiple Choice

Under the Discovery form, a loss is covered if discovered during the policy period or within how many days after expiration, regardless of when it occurred?

Explanation:
A discovery form provides an extended tail called the discovery period. It lets a claim be covered if you discover it during the policy period or within a fixed number of days after expiration, even if the loss happened earlier. In this context, that post-expiration window is 60 days. So a loss discovered within 60 days after the policy ends is covered, regardless of when the incident occurred. The other day counts aren’t the standard discovery period used here.

A discovery form provides an extended tail called the discovery period. It lets a claim be covered if you discover it during the policy period or within a fixed number of days after expiration, even if the loss happened earlier. In this context, that post-expiration window is 60 days. So a loss discovered within 60 days after the policy ends is covered, regardless of when the incident occurred. The other day counts aren’t the standard discovery period used here.

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