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The date of issue refers to the specific day on which your insurance policy was created and issued by the insurance company. This is essentially the birthdate of your coverage.
It’s important to note that the date of issue is not always the same as the effective date of the policy. The effective date is the day when your coverage actually begins and you’re protected by the insurance. There might be a delay between the issue date and the effective date, especially if there are conditions or requirements to be met before coverage starts.
The date of issue for PSIC insurance policies is generally prior to the effective date. This means that the policy is officially issued and becomes binding on the insurance company before it goes into effect and provides coverage.
The date of issue is determined once the underwriting team has completed a thorough review of your information, including claims history, risk assessment, and any other relevant factors. After this evaluation is finalized, we will set the date of issue and provide you with a copy of the policy.
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Copyright © 2023 McGraw Insurance Services, L.P., Delaware L.P., 5515 E. La Palma Ave. Ste. 150, Anaheim, CA 92807, License 0K06900 / National Producer No. 17486061 The insurance policy, not the contents of this website, forms the contract between the insured and the insurance company. The policy may contain limits, exclusions and limitations that are not detailed on this website. Coverage may differ by state.