Any loss discovered during the policy period or within how many days after its expiration is covered?

The coverage for a loss discovered during the policy period or within a specific time frame after its expiration is key to understanding the terms of an insurance policy. The correct timeframe in this context is 60 days.

This 60-day period allows policyholders to identify and report losses that may not have been immediately apparent during the active policy period. It acknowledges that some losses can take time to surface, ensuring continued protection for the insured even after the policy has technically expired.

An understanding of this timeframe is crucial for ensuring that policyholders are aware of their rights and responsibilities regarding timely reporting of claims, which can directly impact the coverage and claims process. Therefore, knowing that the window for reporting losses extends for a full 60 days after the policy ends is important for effective insurance management.