Prior acts coverage in the insurance world refers to the potential for an insurance policy to cover damages or injuries that occurred before the policy’s effective date. This type of coverage is often available as an endorsement to a liability insurance policy.
However, it’s important to note that most insurance companies do not provide prior acts coverage. This is because it can be difficult to assess the risk associated with events that occurred before the policy was in place. Additionally, there may be concerns about the potential for fraudulent claims if prior acts coverage were widely available.
If you’re looking for prior acts coverage, you may need to purchase a separate policy or endorsement specifically designed to cover such claims. These policies can be more expensive than standard liability insurance, as they involve a higher level of risk for the insurance company.
At PSIC, we prioritize transparency and fairness in our insurance policies. While we don’t offer prior acts coverage, we provide you with comprehensive coverage for claims that occur after the effective date of your policy.
We believe that focusing on current and future risks allows us to have a better understanding of your situation at the time of policy inception. This helps us set appropriate premiums and coverage limits.
By not offering prior acts coverage, we aim to prevent fraudulent claims and ensure that our policies are fair to all our customers. We believe that this approach provides the most effective and transparent insurance coverage.
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Copyright © 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.
Privacy Notice at Collection for CA employees
Last updated: June 27, 2023
We take the privacy of our employees and applicants very seriously. Please read this notice carefully as it contains important information on the personal information that we collect, why we collect it, how long we keep it, and that it is not sold to third parties.
Other terms used but not defined will have the meaning set forth in the CCPA, as amended by the CPRA, Cal. Civ. Code §§ 1798.100—1798.199.100, and accompanying regulations set forth under Cal. Code Regs. tit. 11, § 7000 et seq.
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When it is no longer necessary to retain your personal information, we will delete or anonymize it.