What term is used for any event that initiates coverage under an insurance policy?

The term "Occurrence" is utilized in insurance policies to refer to any event that triggers coverage. An occurrence can encompass a wide range of events, such as accidents, damage to property, injury to persons, or other incidents that fall under the terms of the insurance policy. It represents the specific instance that gives rise to a claim, and it is essential for determining the insurer's responsibility for providing coverage based on the conditions outlined in the policy.

In the context of insurance, the word "occurrence" is often defined in policy language, clarifying what types of events are covered. This definition is crucial because it delineates the scope of coverage and helps both the insurer and insured understand their respective obligations when a claim is made.

The other terms provided do not hold the same significance in the context of initiating coverage. While "Trigger Event" might imply a similar concept, it is not the standard term used in most insurance policies. "Claim Event" and "Loss Incident" may describe situations related to making claims or incidents resulting in loss, but they do not directly refer to the event that activates coverage under the policy itself. Therefore, "Occurrence" correctly encapsulates the idea of an event that initiates coverage.