Ace the Florida Insurance Claims Adjuster Test 2025 – Jumpstart Your Adjusting Adventure!

In this scenario, the correct answer is that neither policy covers the claim. A claims-made policy provides coverage for claims made during the policy period, as long as the incident occurred after the retroactive date specified in the policy.

In this case, the first policy has a retroactive date of January 1, 2004, and the second policy has a retroactive date of January 1, 2005. The accident occurred on July 1, 2004, which is after the retroactive date of the first policy, potentially allowing coverage under that policy. However, the claim was filed on September 1, 2005, which is after the expiration of both policies (assuming both are annual policies), and therefore, coverage is not available under either policy.

Since the claims-made policy requires that both the incident occurs after the retroactive date and the claim is made during the policy period, and in this instance, the claim is filed after both policies have expired, there is no applicable coverage. Thus, the correct conclusion is that neither policy covers the claim.