What typically triggers the start of the waiting period in insurance policies?

The start of the waiting period in insurance policies is typically triggered by the effective date of the policy. This is the date when the coverage officially begins, and it marks the point from which the waiting period is calculated. During the waiting period, specific conditions or benefits may not be covered, and coverage will only kick in after this period has elapsed.

The effective date serves as a clear and definitive starting point, helping both the insurer and the insured to understand when coverage is available. Other milestones, such as the application submission date or the diagnosis of a condition, do not determine the waiting period. For instance, submitting an application does not guarantee coverage until the policy becomes effective, and a diagnosis of a condition could occur well before or after the effective date yet still fall within the waiting period. Similarly, the claim filing date is relevant for the processing of claims but does not influence when the waiting period begins. Thus, the effective date of the policy is crucial in setting the timeline for any waiting periods associated with benefits specified in the policy.