Retroactive Date Meaning In Insurance. This means that your policy will protect you from claims you make with your insurer while your policy is active, even. However, retroactive insurance can be purchased to provide coverage for losses that occurred before a.
Thus, it extends a backward cover to a specified retroactive date mentioned on the policy schedule. You are served papers that constitute a claim in june of 2021 and submit them immediately to your insurer. Now here’s where the retroactive date comes in.