The Supplemental Extended Reporting Period is typically available after expiration of which policy?

The Supplemental Extended Reporting Period is typically available after expiration of which policy?

• A. Claims-Made CGL
• B. Occurrence CGL
• C. Auto policy
• D. Property policy

Answer: (A)

Supplemental Extended Reporting Period applies to claims-made liability coverage. With a claims-made form, coverage is triggered by when a claim is reported, so after the policy ends, a late-reported claim wouldn’t be covered unless an ERP or SERP is purchased to extend the reporting window. The SERP specifically provides additional time beyond the basic ERP to report claims that arose during the policy period but were not reported until after expiration. This option isn’t applicable to occurrence-based policies like many auto or property lines, where coverage is tied to the event itself rather than the timing of claim reporting.

Supplemental Extended Reporting Period applies to claims-made liability coverage. With a claims-made form, coverage is triggered by when a claim is reported, so after the policy ends, a late-reported claim wouldn’t be covered unless an ERP or SERP is purchased to extend the reporting window. The SERP specifically provides additional time beyond the basic ERP to report claims that arose during the policy period but were not reported until after expiration. This option isn’t applicable to occurrence-based policies like many auto or property lines, where coverage is tied to the event itself rather than the timing of claim reporting.