What type of coverage typically does NOT require a claim to be made at the time of the event?

Occurrence-based coverage is designed to provide protection for incidents that happen during the policy period, regardless of when the claim is reported. This means that as long as the event occurs while the policy is active, coverage is available even if the claim is filed long after the incident has taken place. This feature is particularly valuable because it allows for a more flexible time frame for reporting claims, which can be beneficial in situations where the damage or injury may not be immediately evident.

In contrast, claims-made coverage only applies if a claim is made during the policy period, which can lead to gaps in coverage if incidents are not reported in a timely manner. Property damage and bodily injury coverage can also fall under either type, but their applicability will depend significantly on how they are structured within the policy. Occurrence-based coverage provides a more comprehensive safety net in this regard, as it does not hinge upon the timing of the claim reporting.