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A policy period is the window of time during which your insurance policy is in force, usually six or twelve months. Coverage applies only to losses that occur within this window.
The window during which the policy is in force, usually six or twelve months. Coverage applies only to losses that occur inside this window. Example: a homeowners policy effective March 1 through February 28 will not pay for a leak that started the prior February, even if you discovered it during the new term.