Insurance companies typically don’t offer backdated coverage because the loss has already occurred.
In most cases, the insurer will conduct actuarial analysis on a potential policyholder to determine the likelihood of a claim being made, but in the case of backdated coverage the insurer is already dealing with the loss and instead must determine how severe the loss will ultimately be.
You’ll have to pay rent to your landlord directly if you get Universal Credit.
Companies purchase liability insurance coverage to protect themselves from risks that may arise in the future.Getting Carer's Allowance can mean you're entitled to, or can get more, top-up benefits.For more information on what benefits you're entitled to, try the entitled to benefits calculator.As with most insurance policies, a backdated liability insurance policy will still contain a coverage limit.This protects the insurer from unlimited losses in the case that a claim becomes more expensive than estimated.
In some cases, however, there may be gaps in coverage that are only discovered after a loss event occurs.