‘Claims occurred’ policies covers claims that have occurred during a period of cover even if the claim Is made after the cover has expired or cancelled.
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‘Claims made’ policies provide cover for claims made against you and reported to the insurer during the policy period only. Claims notified after the expiry of this period – for example if the policy has not been renewed or if you have moved to another insurer – will not be covered unless the new insurer agrees to provide cover for these historic years (Known as Retroactive cover).