policy period

A policy period refers to the specific timeframe during which an insurance policy provides coverage. It starts on the effective date and ends on the expiration date. During this period, if a covered event occurs, the insurance company will pay for the losses according to the policy terms. It's important to know these dates to ensure your coverage is active when needed and to understand when your policy needs renewal or replacement. Essentially, the policy period defines the window of time you're protected under the insurance agreement.