What type of insurance involves a policy not being in effect during the inspection period?

Temporary insurance is a type of insurance that provides coverage for a limited time until a specific condition is met, in this case, the completion of an inspection period. During this period, the policy is not considered to be in force, which means that the insurer is not liable for any claims that may arise. This arrangement allows the insurer to evaluate the risk presented by the applicant before officially issuing the policy.

While other types of insurance may have different terms and coverage conditions, temporary insurance specifically addresses the scenario where coverage begins and ends based on criteria such as the completion of inspections or other underwriting requirements. This ensures both the insurer and the insured have a clear understanding of when coverage is actualized.