1. Insurance Terms & Definitions/
  2. Insurance Terms Starting With I

Inception Date

What is the Inception Date?

The inception date of an insurance policy is the date on which the insurance coverage for that particular policy begins. It marks the start of the policy period during which the insured party is covered for the specified risks outlined in the policy. The inception date is a crucial piece of information in insurance, as it determines when the coverage starts and when the policyholder is responsible for paying premiums. It's important for policyholders to be aware of their policy's inception date but also any prior acts / retroactive dates and expiration dates.