Cancellation of a claims-made policy

If there’s a disruption in coverage; cancellation of the policy for example; claims reported while the policy is not in force but which occurred while the policy was in effect, will not be covered.  It’s important to understand this unique feature of a claims made policy.  A number of options are available to protect yourself after expiry date.  Extending the reporting period for a year or more is very important.  If purchased, this feature allows the policy holder to report claims for a defined time period after expiry.