How many days after the expiration date can a Discovery Form Commercial Crime policy apply to losses?

The correct answer reflects the provision of most Commercial Crime policies regarding the extension of coverage after expiration. Specifically, a Discovery Form Commercial Crime policy typically provides coverage for losses that occur during a specified period following the policy's expiration date, which is commonly set at 30 days. This allows for the potential coverage of losses that may not have been discovered until after the policy has technically expired.

The rationale behind this feature is to ensure continued protection for insured entities, recognizing that some crimes or losses may not be immediately apparent and could take time to uncover. Therefore, the policy will still provide coverage for incidents occurring within that 30-day window, as long as they fall under the terms of the policy that was in effect prior to expiration. This helps ensure that businesses have some level of coverage during the transition period while they seek new policies or adjust their coverage as necessary.